Arab mobile advertising startup Noqoush raises first round of funding of 3 Million USD
Amman, Jordan based Noqoush Mobile Media Group, the Arab company specialized in mobile advertising and mobile media monetization, reported that it has closed first 3 million US dollar investment round.
In a press release the company stated that a group of Arab and Foreign angel investors lead the round but did not disclose who ( we will try to get their names.)
The company said that the round will be used to help Noqoush with developing its mobile advertising technology “AdFalcon”, what it describes “the region’s first specialized advertising platform developed to link mobile applications developers, mobile website owners with advertisers to provide them with the a chance to achieve financial returns.” Something that sounds similar to US based Admob which was founded by Syrian entrepreneur Omar Hamoui and was acquired by Google in 2009 for 750 million dollars.
We have little information about Noqoush, it said in the press release that it was founded in 2010. A linkedin profile for Mahmoud Iswaid from Jordan stats that he is a cofounder in the company, he previously worked with Yahoo and Maktoob before its acquisition by Yahoo. We will try to get more information and update you here.