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NeoEdge Raises $4 Million In Funding For Casual In-Game Ads

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In-game ad network and tech provider NeoEdge has raised $4 million in what it is calling a first round of funding. VanEdge Capital, an interactive entertainment-focused fund founded by former EA vets Paul Lee and Glenn Entis, co-lead the round with Toronto-based Jefferson Partners. NeoEdge will use the new money to help build out its ad-tracking and serving platform, as well as expand its network through game acquisitions.

SEE ALSO: USA Network Beefs Up Casual Games Portal With New Titles, Ads, Micro-Transactions

Founded in 2002, SEC filings show that NeoEdge previously raised just over $5.4 million in funding from Jefferson Partners, Boston-based VIMAC Ventures, as well as private investors; subsequent filings show that the company also sold roughly $4.4 million in convertible notes to investors including Atari founder Nolan Bushnell. NeoEdge has ad sales partnerships with big casual games portals like Yahoo Games; it most recently inked a deal with USA Network to add games and ads to the company’s redesigned Character Arcade gaming hub. Release.

Sep 29, 2009 12:15 PM ET

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Posted In: Advertising, Entertainment, Games, Money, M&A & Venture Capital, Venture Capital, neoedge, nolan bushnell

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