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Online Ad Provider Go Internet Media Gets $10 Million First Round

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Ad network and online marketing company Go Internet Media has secured a $10 million first round of financing from U.K.-based PE Firm Kennet Partners. Internet Media runs lead-generation portals (like Free Education Guide) in the secondary ed space, as well as a cost-per-action (CPA) ad network. The Santa Clara, CA-based firm will use the funds to help grow its sales team; and since it doesn’t operate a pure-play, CPM-based ad network, Internet Media may be sheltered from the plummeting display ad rates that have been forecast for this year. Release.

Jan 13, 2009 6:00 AM ET

Posted In: Advertising, Money, M&A & Venture Capital, Venture Capital, go internet media, kennet partners

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