London
- Openads, a developer of free, open source ad server software, announced on Wednesday
that it has raised $15.5 million in its second round of financing, led by Accel
Partners.
Previous investors Index Ventures, First Round Capital, Mangrove Capital
Partners and O'Reilly AlphaTech Ventures also participated.
London-based
Openads' platform works with ad networks such as Google AdSense, Yahoo and
Advertising.com, and is used by more than 30,000 publishers in over 100
countries.
The company will use the funds to accelerate product development and
expand its team.
Related Links:
http://www.prnewswire.co.uk/cgi/news/release?id=216893
http://www.openads.org
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