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Online Marketing Firm Fastclick.com Raises $75 Million in First Round

Authored by Mark Hefflinger on November 1, 2004 - 9:34am.
Santa Barbara, Calif. -- Fastclick.com, a provider of online direct response marketing services, announced on Monday that it has raised $75 million in its first round of venture capital financing. Highland Capital partners and Oak Investment Partners led the investment round; Walt Disney's Steamboat Ventures also participated. Santa Barbara, Calif.-based Fastclick operates a targeted advertising network that serves ads to over 80 million unique users each month through a network of more than 7,500 websites. As part of the transaction, the company completed a stock repurchase plan, with the balance of the new funds to be used for strategic initiatives and general corporate purposes.
tags: Internet | VC | First Round | Fastclick.com |