Jumptap completes relocation from Cambridge to Boston’s Innovation District
Jumptap Inc., a company specializing in targeted mobile advertising, has completed its relocation from Kendall Square in Cambridge to Boston’s Innovation District, said a broker involved in the transaction.
The broker is CB Richard Ellis–N.E. Partners LP, which represented Jumptap in the leasing of 33,000 square feet of space at 155 Seaport Boulevard. Cushman & Wakefield represented the landlord, Pembroke Real Estate. Jumptap had previously occupied 22,000 square feet of space at 10 Canal Park in Cambridge, a Jumptap spokeswoman said.
The move was necessitated by Jumptap’s growth.
“The company as a whole will have around 200 employees by the end of the year, and Jumptap’s headcount has grown by 100 percent in the past two years,” the firm’s spokeswoman wrote in an e-mail. “We expect to grow headcount by 35 percent next year.”
Jumptap also has offices in New York City, Los Angeles, San Francisco, Chicago, and Detroit.
Over the summer, Jumptap announced that it had raised $27.5 million in a financing round, bring the total amount of funding it has raised to $121.5 million.
Jumptap is the latest company to move to this area of Boston since Mayor Thomas M. Menino rebranded it as the “Innovation District.”
Meanwhile, a recent Globe story noted that several small start-ups have recently moved out of Kendall Square, Jumptap’s old neighborhood.Chris Reidy can be reached at firstname.lastname@example.org.