Moloco Revenue, Valuation, Funding & Investors

Moloco is valued at $2B as of June 2023, a 10.0x multiple on its last reported $200M revenue.

Last Moloco valuation

$2B

Series D · Jun 2023

Last Moloco funding round

$25M

Series D · Jun 2023

Moloco revenue

$200M

Series D · Jun 2023

Key investors in Moloco

  • Smilegate Investment
  • Tiger Global
  • Mirae Asset Venture Investment
  • DSC Investment
  • Samsung Ventures
  • Premier Partners

Moloco Overview

About Moloco

Moloco is a Redwood City, California-headquartered mobile advertising technology company that delivers machine learning-powered programmatic solutions for app developers and publishers worldwide. The platform optimizes user acquisition, retention, and monetization through real-time bidding on networks like Google AdMob and Facebook Audience Network, processing over 5 trillion data signals monthly. Founded in 2013, Moloco powers campaigns for brands such as Uber, Lyft, and Booking.com, achieving recognition through awards from AppsFlyer and Sensor Tower for performance marketing excellence across iOS and Android ecosystems.


Founded

2013

HQ

United StatesSan Francisco, CA

Website

moloco.com

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based, Subscription

Revenue

$200M (Jun 2023)

Valuation

$2B (Jun 2023)

Moloco Valuation

Moloco is currently valued at $2B, based on its Series D in June 2023.

The $25M round was led by Premier Partners.

Moloco's valuation has grown 2.0x from $1B at its Series C in May 2021 to $2B in June 2023, across 3 priced rounds.

Moloco valuation by funding round

Revenue multiple
Moloco valuation by funding round
DateStageValuationRevenue Multiple
Jun 2023Series D$2B10.0x
Aug 2021Series C$1.5B15.0x
May 2021Series C$1B-

Moloco Revenue

Moloco's latest recorded revenue is $200M, as of its Series D in June 2023. At a $2B valuation, that implies a 10.0x revenue multiple.

Revenue grew from $100M in August 2021 to $200M in June 2023, while the revenue multiple moved from 15.0x to 10.0x.

Moloco revenue by funding round

Moloco revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jun 2023$200M$2B10.0xSeries D
Aug 2021$100M$1.5B15.0xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Moloco Funding History

Moloco has raised a total of $216M across 6 funding rounds.

Moloco's first fundraising round was a $4M Series A in June 2014. The most recent completed round was a $25M Series D in June 2023.

Moloco funding rounds

Moloco funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2023Series DPremier Partners (lead)$25M$2BMoloco is a California-based advertising platform specializing in machine learning-based solutions for apps, commerce, and streaming platforms, serving customers like Tubi, Wayfair, Chime, Pinterest, Scopely, King, Snapchat, Musinsa, and Olive Young. The company, founded in 2013, has grown to over 700 employees across 12 global offices and has been profitable for 5 years under CEO Ikkjin Ahn, a former Google engineer who developed early YouTube monetization systems. Moloco powers onsite ads for platforms like Ounass in MENA and partners with Xiaomi for mobile app advertising. On June 29, 2023, Moloco completed a Secondary Market funding round with investors including EDBI and Fidelity Investments, achieving a post-money valuation of $2,000 million. Overall, Moloco has raised approximately $213.65 million across 11 funding rounds from 13 investors, with later activity including a Secondary Market - II on April 11, 2025, with Shinhan Financial Group. The company has demonstrated strong traction in AI-driven performance marketing for gaming, e-commerce, and fintech, positioning it as an alternative to Google and Meta. By April 2024, secondary market valuations were reported at $1.8 billion, and as of late 2026, Moloco selected Goldman Sachs and JPMorgan for a potential IPO, signaling maturity in the AI ad tech sector amid ongoing growth in regions like MENA.
Aug 2021Series CTiger Global (lead)$150M$1.5BMoloco is a machine learning and growth platform for mobile app marketers and e-commerce companies, founded in 2013 by YouTube machine learning engineer Ikkjin Ahn. The company provides Moloco Cloud, a demand-side platform (DSP) that enables advertisers to programmatically purchase mobile app ads with sophisticated machine learning algorithms. The platform serves major gaming studios including King Digital, Playrix, and Netmarble, delivering more than 13 billion ad impressions monthly across 5.58 million apps and reaching nearly 10 billion global devices. In August 2021, Moloco closed a $150 million Series C funding round led by Tiger Global Management, bringing its total raised to $200 million and establishing a post-money valuation of $1.5 billion. This round came just four months after the company reached unicorn status with a prior Series C raise of $20 million. CEO Ikkjin Ahn stated the accelerated fundraising was driven by preparation for a potential initial public offering and the need to fund rapid growth. At the time of the August 2021 round, Moloco reported an annual net revenue run-rate exceeding $100 million, with the company claiming consistent annual growth in excess of 100 percent. The startup employed more than 200 people across eight offices globally, with notably more than 60 percent of its team dedicated to engineering and data science. The funding was earmarked for accelerating product and engineering development, expanding into new geographies and high-growth markets, and hiring for key positions. The company was also preparing to launch its Retail Media Platform in beta, targeting e-commerce companies seeking to create sponsored advertising revenue streams.
May 2021Series CShinhan GIB (lead); Smilegate Investment (lead)$20M$1BMoloco Inc. is a Silicon Valley-based ad tech firm founded in 2013 by Ikkjin Ahn and David Sehyuk Park, specializing in data-driven advertising solutions using machine learning to enable personalized online ads for clients including Disney, Nexon, and Netmarble. The company announced a Series B2 preferred shares issuance on April 12, 2021, with participation from Shinhan GIB (part of Shinhan Financial Group), Smilegate Investment, SK Telecom, LG, Krafton, and others, raising the round at a post-money valuation of $1 billion USD. This funding positioned Moloco as a unicorn, the first AI startup founded by a Korean in Silicon Valley to achieve over $1 billion enterprise value. The round involved issuing 3,480,276 series B2 preferred shares convertible at $4.31 per share, part of a planned 4,640,368 shares, with reports estimating $20 million raised specifically from the Shinhan Smilegate Global Fund No. 1 led by Shinhan GIB and Smilegate Investment around May 4, 2021, sometimes referenced as an initial Series C tranche. Moloco's total funding to date exceeded $50 million, with prior rounds including a $4 million Series A in 2014 and $11 million Series B in 2018 from investors like Samsung Ventures and Draper Athena. The company aimed to use funds for growth, including hiring machine learning talent amid shifts like Apple's AppTrackingTransparency framework. Moloco demonstrated strong traction, processing over 100 trillion data cases since 2018 and serving over 13 billion ads monthly by 2021. It reported 2020 revenue of approximately $178 million USD (200 billion KRW) and projected $400 million USD for 2021 based on Q1 performance, reflecting a 180% average annual growth rate over the prior four years. Subsequent developments included a larger $150 million Series C extension in August 2021 led by Tiger Global, raising valuation to $1.5 billion.
May 2018Series BDraper Athena (lead); Samsung Ventures (lead); Smilegate Investment; DSC Investment; Mirae Asset Venture Investment; KTB Ventures$11M-Moloco secured $11 million in Series B funding on May 11, 2018, led by Samsung Ventures and Draper Athena, with participation from Mirae Asset Management, Smilegate Investment, and KTB Ventures. The mobile advertising Infrastructure as a Service (IaaS) company uses the investment to advance its proprietary Ad Cloud platform and expand sales and marketing initiatives. Moloco's platform powers a mobile ecosystem with a predictive ad performance engine driven by machine learning, enabling publishers to monetize marketing and advertising programs while optimizing ad delivery and protecting against fraud.
Jul 2016Series A-$7M--
Jun 2014Series A-$4M-Moloco's Series A round occurred in June 2014, raising $4 million to develop initial product offerings and expand the team.

Who has invested in Moloco?

9 investors have backed Moloco across its funding rounds, including Smilegate Investment, Tiger Global, Mirae Asset Venture Investment, DSC Investment, Samsung Ventures and Premier Partners.

Lead investors include Premier Partners, Tiger Global, Shinhan GIB, Smilegate Investment, Draper Athena and 1 other investor.


Moloco Investors

Investors in Moloco by funding rounds participated
InvestorHQRoundsRoleFirst check
Smilegate InvestmentSouth KoreaSeongnam2LeadMay 2018
DSC InvestmentSouth KoreaSeoul1ParticipantMay 2018
Draper AthenaSouth KoreaSeoul1LeadMay 2018
Shinhan GIBSouth KoreaSeoul1LeadMay 2021
Samsung VenturesSouth KoreaSouth Korea1LeadMay 2018
Mirae Asset Venture InvestmentSouth KoreaSeongnam1ParticipantMay 2018
Premier PartnersSouth KoreaSeoul1LeadJun 2023

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Acquisitions by Moloco

Moloco has acquired 1 company to date.

Last acquisition by Moloco was on October 12th 2022. Moloco acquired Tauk for undisclosed valuation.


Latest Acquisitions by Moloco

Tauk
Description
Tauk is a platform headquartered in the United States that enables developers to deploy and monitor applications at massive scale. It offers tools for real-time performance tracking, error detection, and confidence in releases for high-traffic environments.
HQ CountryUnited States
HQ City
Los Angeles, CA
Deal Date12 Oct 2022
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Investments by Moloco

Moloco has invested in 1 company to date.

Latest investment by Moloco was on June 21st 2026. Moloco invested in AppsFlyer in their $1B Series E round.


Latest Investments by Moloco

AppsFlyer
Description
AppsFlyer is a Tel Aviv-headquartered mobile marketing analytics firm that provides attribution, fraud prevention, deep linking, and privacy-focused data tools to over 10,000 technology partners. Thousands of brands utilize its platform for customer journey measurement, data clean rooms, and engagement automation across iOS and Android ecosystems. Supporting GDPR and CCPA compliance, AppsFlyer processes billions of events daily to safeguard ad spend and enhance user experiences via www.appsflyer.com.
HQ CountryUnited States
HQ City
San Francisco, CA
Deal Date21 Jun 2026
RoundSeries E
Raised$1B
InvestorsBradley Horowitz; DTCP; Meta; Unity
Valuation$2.7B
EV/Revenue
EV/EBITDA

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Moloco Competitors

Moloco competitors include listed companies like DoubleVerify, Affle 3i, LiveRamp and Mobvista, and private ones like Aleph Group and InMobi.

Public and private companies comparable to Moloco
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Aleph GroupUAEDubaiPrivate--$2B-
InMobiIndiaBangalorePrivate$1B-$2B2.0x
DoubleVerifyUnited StatesUnited StatesPublicly listed$748M$136M$2.1B2.5x
Affle 3iIndiaIndiaPublicly listed$282M$67M$2.3B6.7x
LiveRampUnited StatesUnited StatesPublicly listed$813M$97M$2.3B2.3x
MobvistaSingaporeSingaporePublicly listed$2B$152M$2.4B0.9x

Moloco Public Comps

Moloco is still privately-owned, but its public comps include DoubleVerify, Affle 3i, LiveRamp, Mobvista, Five9, Digital Turbine, Liftoff Mobile, Taboola, Vobile and Ibotta.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
DoubleVerify$748M$136M2.7x2.5x14.6x7.4x
Affle 3i$282M$67M7.4x6.7x31.3x29.5x
LiveRamp$813M$97M2.4x2.3x20.3x9.7x
Mobvista$2B$152M1.1x0.9x14.3x19.9x
Five9$1.1B$91M2.4x2.2x30.1x9.1x
Digital Turbine$565M$85M2.9x2.7x19.4x12.0x
Liftoff Mobile$686M$203M5.9x-20.0x-
Taboola$1.9B$121M0.5x0.5x8.4x4.5x

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Common questions about Moloco

When was Moloco founded?Moloco was founded in 2013.
Where is Moloco headquartered?Moloco is headquartered in San Francisco, CA, United States.
Is Moloco publicly listed?No, Moloco is a private, VC-backed company.
What is Moloco's valuation?Moloco was last valued at $2B in its Series D in June 2023.
How much funding has Moloco raised?Moloco has raised $216M across 6 funding rounds.
What was Moloco's last funding round?Moloco's last funding round was a $25M Series D in June 2023, led by Premier Partners.
Who are Moloco's investors?Moloco's investors include Smilegate Investment, DSC Investment, Draper Athena, Shinhan GIB, Samsung Ventures, Mirae Asset Venture Investment, Premier Partners, Tiger Global and KTB Ventures.
What is Moloco's revenue?Moloco's latest recorded revenue is $200M (June 2023).
What is Moloco's revenue multiple?Moloco's latest valuation implies a 10.0x revenue multiple ($2B valuation on $200M of revenue).
Which companies are comparable to Moloco?Companies comparable to Moloco include Aleph Group, InMobi, DoubleVerify, Affle 3i, LiveRamp and Mobvista.
How many companies has Moloco acquired?Moloco has acquired 1 company, including Tauk.
How many companies has Moloco invested in?Moloco has invested in 1 company, including AppsFlyer.
What was Moloco's last investment?In June 2026, Moloco invested in AppsFlyer's $1B Series E alongside Bradley Horowitz, DTCP, Meta and 1 other investor.

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