Webvisible, the Irvine, CA-based online local ad tools provider, has received a big $20 million third round of funding, according to an SEC filing. From the filing, it seems the round was led by Chicago PE firm Adams Street Partners, with David Welsh from the firm on Webvisible board now; more as we get some confirmation from the company. Its last round was $12 million led by Sutter Hill Ventures, with previous backer Redpoint Ventures. This brings the total amount raised by the company to $37 million.
WebVisible markets software to small businesses with the promise of better management of their online ad buys. The company