Rise News
1 article
growth-positive
IronSource quietly launches spin-off Rise shortly before $11 billion SPAC merger
Tel Aviv-based web and mobile monetization company IronSource announced its plans for the largest-ever public issuance by an Israeli company after raising $2.3 billion at an $11 billion valuation through a merger with a SPAC raised by Thoma Bravo Advantage. Prior to the announcement, IronSource spun out its digital activity into a new company named Rise. Rise is expected to raise funds in the near future and is led by CEO Oren Brandt. IronSource remains focused on the mobile sector, while Rise provides solutions for maximizing digital assets and creating business growth. The shareholders of Rise are the same as those of IronSource, and the new company is profitable.
Expand