Somoto

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Q&A

When was Somoto acquired and by whom?

Somoto was acquired by Nostromo Energy in June 2021.

What was Somoto's primary business focus?

Somoto was a mobile ad network specializing in worldwide monetization and distribution of mobile and PC applications and video advertising.

How many employees did Somoto have at the time of its acquisition?

In August 2020, Somoto had 42 employees.

What was the total amount of funding raised by Somoto?

Somoto raised a total of $21.3 million USD.

When did Somoto conduct its public offering and for what amount?

Somoto conducted a public offering in August 2013, raising $5.4 million USD.

Who were some of the lead investors in Somoto's Seed round in August 2010?

The Seed round in August 2010 included investments from Former Clal Finance CEO Shuki Abramovich and former.

What was a notable acquisition made by Somoto in 2016?

In January 2016, Somoto acquired the Israeli video advertising network Terser-Tude, expanding into video advertising.

What was the status of Zvi Barenboim's attempted acquisition of Somoto's business?

Zvi Barenboim initially announced buying Somoto's business for $50 million in April 2019, but then canceled the acquisition in December 2019. However, Barenboim later bought Somoto's app distribution activity in February 2020.

Team · 2

Ben Garrun

Founder · Co-Founder & Director

Eyal Yaakov

Founder · Co-Founder & CTO

Sectors & technology

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