Online Ad Firm ARPU Raises $8.7 Million

Authored by Mark Hefflinger on January 7, 2008 - 7:59am.

Washington - ARPU, the developer of a point-of-sale advertising network, has raised $8.7 million in its third round of funding, according to a filing with the Securities and Exchange Commission (SEC).

Grotech Capital Group led the round, which also included participation from previous investors Polaris Venture Partners and New Atlantic Ventures.

Washington-based ARPU works with suppliers to serve relevant online offers to customers purchasing products and services over the Internet.

The company also raised $5 million in July 2006.

 

Related Links:
http://www.arpuinc.com

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