Grows Customer Base 500% in Six Months, Opens UK Office and Data Center

NEW YORK – AdMeld (www.admeld.com), the leader in ad network optimization for premium publishers,  announced it closed an $8 million round of Series B funding led by Spark Capital and Foundry Group. The funding, which AdMeld will use to accelerate its sales and product development efforts, caps a period of strong momentum for the company. Over the past six months, AdMeld’s customer base has grown five-fold and it expanded into Europe by opening a London-based office and data center.
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Medialets serves thousands of publishers and advertisers as the mobile application market continues to grow exponentially

NEW YORK – Medialets, the leading analytics and ad technology platform for next-generation mobile applications, has announced that they have closed a $4 million Series A financing round led by investor Foundry Group, with participation from DFJ Gotham and Bobby Yazdani, early investor in Google.
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- Specific Media Appoints Colin Petrie-Norris as Managing Director, International – Specific Media, the leading independent online advertising network, today announced the appointment of Colin Petrie-Norris as Managing Director, International. The appointment forms part of an aggressive growth strategy for Specific Media in Europe, where the company is looking to build on its current market share and expand its client portfolio across the region.

- Lijit Networks, Inc. Secures $7.1 Million Series C Investment Round Led by Foundry Group – Lijit Networks, Inc. (www.lijit.com), a company that provides search-powered applications for both individual online publishers and online publisher networks, announced today that it has closed a $7.1M series C round of financing, led by Foundry Group. Existing investors, Boulder Ventures and Colorado Fund I, managed by High Country Venture, also participated in the round. Lijit will use the proceeds from this financing to launch its search-powered ad network, which empowers publishers to sell their own search ad inventory, as well as to expand its offices and employee base. Read the full story