Online Ad Network Turn Inc. Raises $15 Million

Authored by Mark Hefflinger on August 21, 2008 - 8:03am.

Redwood City, Calif. - Online advertising network Turn Inc. announced on Thursday that it has landed a $15 million third round of venture capital financing, led by Focus Ventures.

Previous investors Trident Capital and Shasta Ventures also participated in the round, which will be used for further product development, and to expand its sales and client services teams.

Redwood City, Calif.-based Turn offers automatic ad targeting and goal-driven pricing to over 500 advertisers and 3,000 publisher websites.

The company sits in sixteenth place on comScore's ranking of top ad networks, up from twenty-seventh place in March, and has seen its monthly unique users climb to 93 million while ad impressions hit 1.9 billion in July.

 

Related Links:
http://snipurl.com/3ihg7

http://www.turn.com

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