Buddy Media has closed its Series B financing and raised $6.5 million. Now it’s going to launch the Buddy Media Ad Network.
The Buddy Media Ad Network will connect its clients to the world’s leading developers of social media applications in a way that provides significant benefits to both advertisers and developers over existing ad networks.
Buddy Media builds, promotes and monetizes one of the largest networks of engaging and entertaining social media applications on the web. The company reaches more than 8 million internet users each month through some of the top applications on Facebook and other social networks.
In addition to operating its own applications, Buddy Media helps large media companies and marketers develop, build, manage, and promote social media applications. It does so through a powerful rapid development platform and the Buddy Media Advertising Network, which provides advertisers an easy way to reach millions of users of the leading social networks. Buddy Media can build an application and drive 1 million users in just a few months.
The choice of the city of Helsinki is not incidental as the capital of Finland had hosted US-Soviet negotiations on the limitation of nuclear stockpiles in 1969