San Francisco - AdBrite, a provider of online advertising services, announced on Friday that it has raised $23 million in its third round of venture capital financing, from Sequoia Capital, DAG Ventures and Mitsui Ventures.

Founded in 2002, San Francisco-based AdBrite operates an auction-based marketplace for the buying and selling of online ads, and says it serves ads on over a billion pages a day.

The company also announced that former Coca-Cola chief marketing officer Peter Sealey has joined its board.

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