Wednesday, November 26, 2014

PocketMath, Started at UT Austin, Get $10M In Singapore

PocketMath, a startup which operates a self-serve, mobile advertising platform--and which was started at the University of Texas at Austin--said this week that it has raised $10M in a funding round. The startup--which is based in Singapore--said the investment came from Rakuten Ventures. The startup was founded by JD Lee, Eric Tucker and Casey Grooms, who met at the University of Texas at Austin where they ran a student organization that promoted technology entrepreneurship. The company said that the round is the largest, first round funding of any startup in Singapore, and is also the largest single investment by Rakuten Ventures so far. The three founders did not detail how they all ended up in Singapore after UT Austin.