True North Acquires Minority Stake in IPO-Bound InMobi

by · Inc42

SUMMARY

  • True North has acquired a minority stake in InMobi worth around $50-60 Mn
  • The transaction enabled some of InMobi’s early investors to get a partial exit ahead of its IPO
  • True North now holds around 2-3% stake in the SoftBank-backed adtech unicorn