Lijit Networks, provider of search tools for blogs, has completed a $6 million fourth round funding designed to help it expand its publisher network and ad services. The round was led by existing investor, Foundry Group. Previous backers Boulder Ventures and Colorado Fund I, managed by High Country Venture, also participated in the round. Since opening its doors in 2006, the Boulder, CO.-based company has raised $17 million, including this latest round.
Lijit began offering ad services in Q1.The company claims that its publisher network include 12,000 sites, which receive 700 million pageviews each month from 53 million unique visitors. The company has been adding between 50 and 100 new publishers a day, says Todd Vernon, Lijit’s CEO and founder. Release