Funding · Enterprise Software & IT

InMobi raises $350 million ahead of 2026 IPO

By Startup Enthusiast · 4 December 2025

What they do

InMobi is a mobile advertising platform that connects brands with consumers across 1.8 billion devices worldwide

The company raised $350 million in a pre-IPO funding round led by Varde Partners, Elham Credit Partners, and SeaTown Holdings

The funds will be used to support its planned initial public offering in 2026 and to buy back shares from existing investors like SoftBank

InMobi Technologies, a mobile advertising and consumer technology company, raised $350 million in a pre-IPO funding round.
The round was led by Varde Partners, Elham Credit Partners, and SeaTown Holdings.
The funding is structured as two tranches: $200 million at the operating company level and $150 million at the holding company level.
Both tranches are secured against the founders' stake.
The debt is priced at 13-14%.
A large part of the proceeds will be used to fund a share buyback from existing investors, primarily SoftBank and other private equity shareholders.
SoftBank currently holds around 31% in the company.
The funding comes ahead of InMobi's planned initial public offering in 2026, where the company is reportedly looking to raise $1 billion.

InMobi is a leading mobile advertising platform with a global reach of 1.8 billion devices.

InMobi provides an AI-powered mobile advertising platform that connects brands with consumers across 1.8 billion devices worldwide.

InMobi is preparing for an initial public offering in 2026, where it is reportedly looking to raise $1 billion.

Varde Partners (lead) — Varde Partners is a global investment firm focused on private equity and venture capital.
Elham Credit Partners (co-lead) — Elham Credit Partners is a private equity firm focused on investing in technology and consumer sectors.
SeaTown Holdings (co-lead) — SeaTown Holdings is a private equity firm with a focus on technology and media investments.
SoftBank (existing investor) — SoftBank is a Japanese multinational conglomerate and venture capital firm with significant investments in technology and media.