True North Takes 2-3% Stake in InMobi for $50-60M
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Private equity firm True North has acquired a 2‑3% minority stake in adtech SaaS company InMobi for an estimated $50‑60 million. The transaction comes as InMobi prepares a $1 billion IPO targeting a $6‑10 billion valuation, positioning True North as a strategic backer in the AI‑driven digital‑marketing space. True North has taken a 2‑3% minority stake in InMobi for roughly $50‑60 million, marking the private‑equity firm's latest foray into AI‑enabled adtech. The purchase was executed via seconda
