ContextWeb a leading company at providing high-precision, real time contextual ad solutions and operator of ADSDAQ has closed its Series D round of funding at $26 million as reported. The round was led by Investor growth Capital along with participation from existing investors namely; Draper Fisher Jurvetson, DFJ Gotham Ventures, Updata Partners, DFJ New England and Gold Hill Capital. This current raise takes the over all funding of the company to $54 million.
CEO of ContextWeb, Anand Subramanian commented:
We had tremendous interest in the company and received numerous good financing proposals, We chose Investor Growth Capital as our partners to lead the round for their market expertise, track record in creating sector leading companies and ability to help us expand in markets outside North America, especially in Europe.
Noah Walley, Managing Director of Investor Growth Capital was pretty optimistic about is partnership with ContextWeb saying that it provided a unique and scalable technology to bring vast improvements to the web based ads. He added:
We looked at a number of companies in the internet advertising and technology space. ContextWeb’s demonstrated experience at getting innovative products to market and their upcoming product releases made them a great investment for us. They are making a big difference to content providers and advertisers alike in the fast-growing and important online advertising exchange market.
Founded in 2000, ContextWeb is the only online platform that provides both publishers and advertisers enjoy complete control with the ADSDAQ ranking amongst the top 20 ad-supported properties.
