Home › DMW Daily › May 26, 2009

Online Ad Server Firm OpenX Lands $10 Million

Authored by Mark Hefflinger on May 26, 2009 - 8:24am.
Pasadena, Calif. - OpenX Technologies, an independent ad server for Web publishers, announced on Tuesday that it has raised a $10 million third round of financing, led by DAG Ventures.

Previous backers Accel Partners, Index Ventures, Mangrove Capital, First Round Capital and Jonathan Miller, the company's board chairman, also participated in the round.

Formerly known as Openads, Pasadena, Calif.-based OpenX powers ad servers for more than 38,000 publishers operating over 150,000 websites, which are generating more than 300 billion ad impressions monthly.

The company will use the new funds to expand its technology, products and services, and to accelerate growth of its new OpenX Market monetization platform.

 

Related Links:
http://snipurl.com/itd8p

http://www.openx.org

Published in DMW Daily, May 26, 2009
tags: Deals | VC | Advertising | Publishing | Accel Partners | DAG Ventures | First Round Capital | Index Ventures | Mangrove Capital | OpenX |



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