The “GB-V Growth Fund Investment Limited Partnership” managed by Japanese venture capital firm, Global Brain Corporation (President & CEO: Yasuhiko Yurimoto), has invested in Singapore and Bangalore-based AdNear Pte. Ltd. (Founder & CEO: Anil Mathews), a leading mobile big data company that uses location based audience profiling technologies for intelligent and targeted mobile advertising

Historical location data combined with user behavior and other statistics generate powerful audience insights. By applying its unique technologies, AdNear has profiled more than 320 million users across Asia Pacific, which enables highly efficient targeted advertising with a significantly high conversion rate. AdNear has demonstrated the benefits of profile-based targeted advertising through various successful mobile ad campaigns it has executed for major global brands and large regional retail chains such as P&G, Woolworths, Audi, Unilever, BMW, Vodafone, Ford, Samsung, and IKEA.

Global Brain has invested in the Series B financing round of AdNear with Telstra Ventures, a subsidiary of Australia's leading telecommunication provider, and incumbent investors, Sequoia Capital and Canaan Partners. The total investment amount of the round is US$19 million, and this is the largest investment in Asian ventures for Global Brain ever. Global Brain will assist AdNear in entering the Japanese market.

Global Brain thinks highly of AdNear’s superior technologies and its experienced team, and believes that AdNear is on track to becoming a leading player in the global ad-tech market in the near future.

About AdNear Pte. Ltd.

AdNear is a leading location intelligence company that leverages historical location and context to power data driven marketing for advertisers. The company’s data platform is built on top of proprietary technology, giving it the strength of location awareness without the need for GPS or operator assistance.

Founded in 2012, AdNear is now headquartered in Singapore with a presence across Australia, South East Asia, Japan and India. To date, the company has reached a massive 320+ million device users and has works with marquee brands such as P&G Woolworths, Audi, Unilever, BMW, Vodafone, Ford, Samsung, and IKEA.

For more information, please visit:http://www.adnear.com

About Global Brain Corporation

Global Brain is a Tokyo-based independent venture capital founded in 1998, which focuses on seed to middle stage IT startup companies in Japan and foreign countries. It currently manages 5 funds with total amount of $300 million. It is well known for its intensive hands-on style investments with dedicated in-house business support team, and also known for growth hack assistances utilizing its extensive network with large corporations.

Further information is available at: http://www.globalbrains.co.jp/english/

About Telstra and Telstra Ventures

Telstra a leading Australian telecommunications and information services company, offering a full range of communications services and competing in all telecommunications markets. Telstra Ventures invests in market leading, high growth companies that are strategically aligned with Telstra to offer high quality, new products and services to its customers. Based in Australia and Silicon Valley, Telstra Ventures works closely with quality entrepreneurs to build significant companies. Globally, Telstra Ventures has been an investor in companies such as Box, Dimmi, DocuSign, FredIT, HealthEngine, IPHealth, IPScape, Kony, Matrixx, Mandoe, Nexmo, Ooyala, TeleSign, and Whispir. For more details, please visit: http://www.telstra.com.au/ventures/

About Sequoia Capital

Sequoia Capital in India currently manages funds capitalized at close to USD 2 billion and invests across venture, growth, and late stage opportunities. It takes a long-term view on investments and plays the role of an active, value-added partner to entrepreneurs, business families and management teams. Over the past 8 years, Sequoia Capital has invested in more than 75 companies in India including Capillary Technologies, Druva Software, Justdial, Micromax, Mu Sigma, Pine Labs, Prizm Payments, Quick Heal and Zomato. Sequoia Capital operates out of offices in Bangalore, Mumbai, and New Delhi. Globally, Sequoia Capital has an unparalleled track record of partnering with entrepreneurs to create global market leaders. Sequoia Capital has been an early investor in companies such as Apple, Cisco, Dropbox, Google, LinkedIn, Oracle, Yahoo, YouTube and Zappos. Sequoia Capital maintains dedicated teams in USA, China, India and Israel. For more information, please visit: www.sequoiacap.com

About Canaan Partners

Canaan Partners is a global venture capital firm that invests in entrepreneurs with visionary ideas. With $3.4 billion under management and over 150 exits to date, Canaan has funded some of the world's leading technology companies including PrimeSense, Skybox Imaging and Virsto as well as healthcare stars like Labrys Biologics, Chimerix and Advanced BioHealing. Current technology investments include Cardlytics, eBates, Kabam, Lending Club, SOASTA and Zoosk in the U.S.; BharatMatrimony, Naaptol and UnitedLex in India; and LiveU in Israel. For more details, please visit:www.canaan.com