New York - Clickable, a provider of a Web-based service where online advertisers can manage their search marketing campaigns, has raised $3 million in its first round of venture capital financing, co-led by Union Square Ventures and Pequot Ventures.

Monster Ventures, Schoffstall Ventures and strategic angel investors also participated.

New York-based Clickable's service is currently in private beta.

The company will use the funds to accelerate product development and build its management and development teams in advance of its full product release later this year.

Related Links:
http://www.clickable.com/clickable-press.aspx