Fundraising Fox

Jana Mobile

Boston, US · Delaware corporation · 2 known investors

Boston-based mobile advertising company whose mCent app gives emerging-market users free data in exchange for brand engagement.

Also known as Jana · mCent · txteagle

Founders & leadership

NE
Nathan EagleCo-founder
BO
Benjamin OldingCo-founder

Board

ML
Maurice LevyBoard director
TDTodd Dagres
Todd Dagresin𝕏Board directorInvestor at Spark Capital

Investors · 2

Also in the syndicate · 1

Publicis Groupe

Reported raises · per SEC filings

Form D private placements

$69.5M disclosed across 2 rounds · 2014–2016

$57MraisedFeb 2016 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Maurice LevyDirector
  • Nathan EagleExecutive Officer, Director
  • Todd DagresDirector
  • Benjamin OldingDirector
Offering amount
$57M
Amount sold
$57M
Proceeds to insiders
$12M
First sale
Feb 2016
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$12.5MraisedDec 2014 · 3 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Todd DagresDirector
  • Nathan EagleExecutive Officer, Director
  • Benjamin OldingExecutive Officer, Director
  • Maurice LevyDirector
Offering amount
$12.9M
Amount sold
$12.5M
First sale
Dec 2014
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Jana Mobile, generally referred to as Jana, is a Boston-based mobile technology company that operates an advertising-funded platform providing free or subsidized mobile internet access to prepaid phone users in emerging markets. Its core consumer product, the Android app mCent, launched in June 2014, lets users download apps, watch videos, or otherwise engage with sponsored content and receive mobile credits (reported at 10 cents or more per action) that can be spent on data usable anywhere on the internet, including third-party apps, search, and video [0][2].

On the demand side, Jana sells app-install and short-video ad formats to brands and app developers seeking users in markets previously constrained by the cost of data. Reported clients and partners have included Twitter, Amazon, Google, Saavn, and WeChat, and by 2016 the company said it served more than 3,000 brands [0][1][2]. Jana's reach depends on direct integrations with mobile carriers' billing systems, which allow it to credit users' prepaid accounts; carrier integrations grew from 237 operators in 102 countries around 2014-2015 to 311 carriers by early 2016 [0][1][2].

The company positioned itself as one of the largest mobile advertising platforms in India, and described mCent as reaching more than 25 million registered users by mid-2015 and more than 30 million people by February 2016, across Asia, Africa, and Latin America [0][2]. By July 2018 the business had deteriorated: falling mobile data prices and ad rates in its target markets, plus Google's rollout of free Wi-Fi in hundreds of Indian train stations, were cited as reducing demand, and the company underwent severe job cuts in late June 2018 [3].

Founding story

Jana traces to Nathan Eagle's mobile-programming research at the MIT Media Lab, where he worked in Alexander "Sandy" Pentland's Wearable Computer Group and conducted early reality-mining studies using programmable Nokia phones to collect behavioral data from 100 MIT students over nine months. Eagle later relocated to Kilifi, Kenya, to work on call-data analytics for mobile operators, gaining access to operators' back-end billing systems. Confronted with chronic blood-supply shortages at a local hospital, he and students at the University of Nairobi built an SMS system for nurses to report daily blood-supply levels to a centralized blood bank. Adoption collapsed within a month because the cost of a text message represented a substantial share of a nurse's daily wage; after Eagle wrote code to reimburse nurses roughly 10 Kenyan shillings per accurate message plus a small bonus, usage recovered. That insight — that airtime compensation could fund participation, and that sponsors such as governments or consumer-goods companies could pay for it — led Eagle to co-found the company in 2009 under the original name txteagle [0][2].

Business model

Jana shifts the cost of mobile data from consumers to advertisers. Brands and app developers pay Jana to place sponsored content — primarily app-install offers and short videos — in front of prepaid mobile users in emerging markets; users who engage receive mobile credits or airtime that offsets their data costs. Delivery of that value depends on integrations with mobile carriers, whose billing systems Jana credits directly [0][1][2].

Advertiser-funded: clients, described as major app developers and consumer brands, pay Jana to acquire and engage long-term users in emerging markets, and Jana passes part of that spend to consumers as mobile credit [0][1][2].

Traction

Reported figures include: nearly 1.5 billion megabytes of free data generated by mCent users in the year preceding May 2015; more than 25 million registered mCent users as of May 2015 and more than 30 million users benefiting as of February 2016; more than 3,000 brand clients in 2016; and claims that mCent members use apps three to 14 times more than users acquired through other channels [0][2]. The Boston Globe reported an investor valuation of $300 million and about 100 employees at peak, citing a former employee [3].

Latest developments

A July 2018 Boston Globe column reported that Jana had raised about $90 million according to Crunchbase, had been valued at $300 million by investors, and had roughly 100 employees at its peak, but that declining data prices, falling ad rates, Google's free Wi-Fi rollout in Indian train stations, and leadership turnover had eroded the business. Severe job cuts occurred in late June 2018, and efforts were underway to sell the company or reboot it with a different strategy; CEO Nathan Eagle did not respond to requests for comment [3].

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

In February 2016 the company described itself as the largest provider of free, unrestricted internet access in emerging markets and as the second-largest mobile advertising platform in India after Google, claiming twice the user reach of Free Basics (formerly Internet.org) [0]. MIT News in 2015 similarly described mCent as among the most popular apps in India and Jana as one of the largest mobile advertising platforms there [2].

Rather than offering a restricted set of zero-rated services, Jana positioned mCent as providing unrestricted data usable anywhere on the internet, funded by brand sponsorship, and claimed broader reach in India than Free Basics [0].

Technology

The platform combines a consumer-facing Android application (mCent) with back-end integrations into mobile operators' billing systems, enabling near-real-time crediting of prepaid accounts as compensation for content engagement. The approach originated in Nathan Eagle's mobile data-analytics and reality-mining work and in an SMS-based reimbursement system built for Kenyan nurses [0][2].

Go-to-market

Distribution is via carrier partnerships (237 operators in 102 countries reported in 2015, 311 carriers reported in 2016) that provide the billing rails and reach, combined with consumer adoption of the free mCent Android app; monetization comes from direct sales to brands and app developers running install and video campaigns [0][1][2].

Two sides: prepaid mobile phone users in emerging markets across Asia, Africa, and Latin America — notably India, Indonesia, and Brazil — who spend roughly 10 percent of daily income on mobile connectivity; and global brands and app developers seeking user acquisition and engagement in those markets, including Amazon, Twitter, Google, Saavn, and WeChat [0][1][2].

Geography

Headquartered in downtown Boston, with operations targeting emerging markets in Africa, Asia, and Latin America. India was the largest market, with additional presence in Indonesia and Brazil and stated plans in 2016 to launch in China; carrier integrations spanned 102 countries as of 2015 [0][1][2][3].

History

Founded in 2009 as txteagle and later renamed Jana, the company initially built infrastructure integrated with mobile operators' billing systems for compensating users in airtime. In June 2014 it launched mCent, an Android front-end on that infrastructure, which drove rapid growth and became widely used in India [2]. By May 2015 it reported integration with 237 operators in 102 countries and more than 25 million registered mCent users, with users generating nearly 1.5 billion megabytes of free data in the prior year [2]. In February 2016 it raised a $57 million Series C led by Verizon Ventures and announced plans to expand from India, Indonesia, and Brazil into China, along with the addition of AOL CEO Tim Armstrong to its advisory board [0]. In 2018, the Boston Globe reported that the company had roughly 100 employees at its peak and a $300 million investor valuation, but that severe layoffs occurred in late June 2018 amid efforts to sell or reboot the business [3].

Risks & controversies

Reported risks include structural erosion of the core value proposition as mobile data package prices fell in target markets, declining advertising rates, competition from free Wi-Fi initiatives such as Google's deployment in Indian railway stations, dependence on the Indian market, and what a former employee described as a "revolving door" in the leadership ranks. These culminated in a severe round of layoffs in late June 2018 [3].

Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Brand clientsFeb 20163,000 brands
Countries with operator integrationsMay 2015102
Employees at peakJul 2018100 employees
Free data generated by mCent users (trailing year)May 20151,500,000,000 megabytes
Investor valuationJul 2018$300M
Mobile carrier integrationsMay 2015$237
Mobile carrier partnershipsFeb 2016$311
Reachable prepaid mobile phonesJan 20143,480,000,000 mobile phones
Reachable smartphones via carrier partnersFeb 2016$4.6B
Registered mCent usersMay 201525,000,000 users
Total funding raised (per Crunchbase)Jul 2018$90M
Users provided free internet accessFeb 201630,000,000 users

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 6

launches, deals, and filings
Jun 2018
Severe layoffs and efforts to sell or reboot the company

The Boston Globe reported that Jana carried out a severe round of job cuts in late June 2018 and that efforts were underway to either sell the company or restart it with a different strategy, after data prices and ad rates fell in its markets.

source ↗

Feb 2016
Jana raises $57M Series C led by Verizon Ventures

Jana announced a $57 million Series C round led by new investor Verizon Ventures with participation from existing investors Spark Capital and Publicis Groupe, to fund expansion into emerging markets.

$57M source ↗

Feb 2016
AOL CEO Tim Armstrong joins advisory board

Jana announced that Tim Armstrong, CEO of AOL, agreed to serve on the company's advisory board, joining Publicis CEO Maurice Levy as an advisor.

source ↗

Feb 2016
Planned launch of mCent in China

Following growth in India and expansion into Indonesia and Brazil, the company stated plans to launch its mCent app in China.

source ↗

Jun 2014
Launch of mCent Android app

Jana launched mCent, an Android consumer front-end on its existing carrier-integrated infrastructure, which drove rapid growth, particularly in India.

source ↗

Jan 2009
Company co-founded as txteagle

Nathan Eagle co-founded the company in 2009 under the original name txteagle, based on his work compensating Kenyan nurses in airtime for SMS reporting.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Jana MobileDelaware

Research sources · 6

primary sources listed

6 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Jana Mobile do?
Boston-based mobile advertising company whose mCent app gives emerging-market users free data in exchange for brand engagement.
Who founded Jana Mobile?
Jana Mobile was founded by Nathan Eagle, Benjamin Olding.
Who are Jana Mobile's investors?
Jana Mobile's investors include Spark Capital.
How much funding has Jana Mobile raised?
Jana Mobile has disclosed $69.5M raised across 2 rounds.
Where is Jana Mobile headquartered?
Jana Mobile is headquartered in Boston, US.