Asset Manager

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ironSource Ltd.

ironSource was founded in 2011 by Tal Shoham, Tomer Bar Zeev, and Omer Kaplan.

ironSource Ltd.

ironSource was founded in 2011 by Tal Shoham, Tomer Bar Zeev, and Omer Kaplan. The company built a mobile advertising platform focused on app monetization and user acquisition. In July 2022, Unity Software acquired ironSource in a $4.4 billion all-stock deal (per Unity, July 2022), merging ironSource's adtech with Unity's game engine. The combined entity now operates as Unity Grow, headquartered in Tel Aviv, Israel. Unity Grow offers a suite of mobile growth solutions: Unity Ads (AI-powered user acquisition via Vector machine learning), LevelPlay (ad mediation across 25+ networks), Tapjoy from Unity (offerwall monetization), Aura from Unity (pre-installed device monetization on over 2 billion devices since inception, per Unity, June 2025), Supersonic (game publishing), and Unity CTV (connected TV advertising). As of June 2025, the Tapjoy offerwall processed 3.5 million monthly event conversions (per Unity, May 2025). Confirmed customers include Voodoo, mytona, and Japanese studio Barows. Geographic footprint spans over 45 locations globally, per Unity's corporate site. The ironSource workforce was integrated into Unity, which as of 2025 employs over 1.3 million monthly active users of the Unity Editor — this number refers to users of Unity software, not employees. In July 2022, Unity completed the acquisition of ironSource (per Unity, July 2022). In 2023, Unity underwent a restructuring that included layoffs, with ironSource's former CEO Tomer Bar Zeev stepping down from his role as Unity's Growth business head in 2024 (per multiple press reports, 2024). Unity Grow's structural differentiator is its vertical integration: it controls both the game development platform (Unity Engine) and the monetization/ad network. This gives it unique access to game performance data across installs, engagement, and revenue — data that independent ad networks lack, as it flows directly from the engine.

Website
is.com

General information

Firm type

Asset Manager

Year founded

AUM

Undisclosed

Location

Region

Middle East

Country

Israel

City

Tel Aviv

Corporate office

Tel Aviv, Israel

Sector focus

Mobile GamingAdTechDigital AdvertisingMobile Marketing

Frequently asked questions

How does ironSource operate after the Unity acquisition?

ironSource is now fully integrated into Unity as Unity Grow. It operates as Unity's mobile growth business, combining ironSource's adtech with Unity's game engine. The Tel Aviv office remains a major R&D hub. The growth business is led by Unity's SVP and CRO Games, Raphael Ruland.

What investment stages does ironSource target?

ironSource is not an investment firm. It provides technology and services — it does not make venture or growth-stage investments. Its services cover the entire mobile app lifecycle from publishing (via Supersonic) to user acquisition, monetization, and optimization.

Does ironSource operate as a single family office or a venture firm?

Neither. ironSource is an adtech company, now a business unit within Unity Software (NYSE: U). It is a publicly traded subsidiary, not a family office or venture firm.

How does ironSource source proprietary deal flow?

ironSource sources customers through its ad mediation network (LevelPlay), direct sales, and partnerships with mobile game developers. Its Supersonic division publishes games for studios, providing a pipeline of commercial relationships.

Which sectors does ironSource explicitly avoid?

ironSource focuses on mobile gaming and app monetization. It does not operate outside adtech, and its technology is not relevant to industries like healthcare or enterprise software.

Is ironSource structured as a single family office or does it operate more like a venture firm?

Neither. ironSource is an adtech company, now a business unit within Unity Software (NYSE: U). It is a publicly traded subsidiary, not a family office or venture firm.

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