Home › DMW Daily › April 13, 2009

The Rubicon Project Secures $13 Million for Online Advertising

Authored by Mark Hefflinger on April 13, 2009 - 7:14am.
Los Angeles - The Rubicon Project, a provider of online advertising services, announced on Monday that it has raised $13 million in new financing, including $5 million in venture funding from Clearstone Venture Partners, Mayfield Fund and IDG Ventures Asia, and $8 million in venture debt from Silicon Valley Bank.

Founded in 2007, Los Angeles-based Rubicon Project offers to monetize ad space that goes unsold, and counts 1,500 customers, including Gannett and Washington Post/Newsweek Interactive.

The company says it reaches 500 million unique Internet users.

The Rubicon Project will use the new funds for strategic acquisitions, research and development, infrastructure and international expansion.

 

Related Links:
http://rubiconproject.com/press/rubicon-adds-for-33-million

Published in DMW Daily, April 13, 2009
tags: Deals | VC | Advertising | Mayfield Fund | The Rubicon Project | Clearstone VP | IDG Ventures Asia |



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