Mobile advertising company MoPub secured US$12 million in Series B funding, allowing it to expand its presence with agencies and brand advertisers, develop its core infrastructure and expand internationally. The funding is led by Jafco Ventures with support from existing investors Accel Partners and Harrison Metal Capital. There is also strategic investment from European group Iris Capital which manages the JV between Orange and advertising company Publicis. MoPub currently serves more than 15 billion ads per month across 10,000 apps.