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Article: Openads Closes US$15.5 Million Series B Funding Led by Accel Partners.
- Article from:
- PR Newswire Europe
- Article date:
- January 16, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LONDON, January 16 /PRNewswire/ --
- Announces private beta of free, hosted version of popular Openads ad serving software
Openads, the developer of the free, open source ad server now used by more than 30,000 publishers worldwide, today announced the completion of its Series B financing. The US$15.5 million investment was led by Accel Partners, with participation from existing investors Index Ventures, First Round Capital, Mangrove Capital Partners and O'Reilly AlphaTech Ventures. The company will use the funds to accelerate product development and expand its team to support its large publisher community, which is now using Openads to deliver billions ...
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