New York - Adconion Media Group, a European online ad network, announced on Monday that it has closed an $80 million third round of funding, led by Index Ventures and existing investor Wellington Partners.

Founded in 2004 as EuroClick, London-based Adconion currently sells ads on over 350 publisher partner sites.

The company will use the funds for produce development, acquisitions, and to continue expansion throughout North America and Asia.

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