Online advertising solutions company, Vizury has raised $16 million investment in a round led by Intel Capital with participation from Ascent Capital and existing investors Nokia Growth Partners and Inventus Capital Partners, reports Economic Times. The company plans to use the investment raised for research and development and also to scale up its operations in China, Japan, Latin America, Middle East and Korea. This follows a source-based TechCrunch report from Jan this year which had suggested that the company looking to raise $20 million with existing investor Inventus Capital Partners leading the round. Medianama had also heard the same from sources then and when we contacted Vizury in December 2013, the company had said the deal hadn’t closed yet. Prior to this investment, Vizury had raised $9 million from Nokia Growth Partners (NGP), Ojas Ventures and Inventus Capital Partners in October 2012 and $2 million Series A investment from February…
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