Updated: WideOrbit Gets $10 Million for Ad Trafficking, Analytics
SF-based advertising analytics startup WideOrbit has received $9.5 million in a fourth round of funding, VentureBeat reports. Mayfield Fund led the round, which isn’t closed—as the firm is hoping to wind up with a solid $10 million. Existing backers Khosla Ventures, Greycroft Partners and Hearst Ventures also participated. The firm provides Web-based online ad sales, trafficking and billing software, and raised $14.5 million in its last round, in February; bringing its total raise to $35.5 million.
Update : WideOrbit has closed the round at $10 million, bringing its total raise to $40 million. The company plans to use the funds for tech development, among other things. It has announced it officially, here.
Related StoriesPosted In: Advertising, Money, M&A & Venture Capital, Venture Capital, greycroft partners, hearst ventures, khosla ventures, mayfield fund, wideorbit
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Comments (2)
Oct 20, 2008 4:52 PM
Tamela - not sure about your headline…Wide Orbit focuses on broadcast traffic and billing systems. I don’t think they do anything with online media (much less web analytics) at this point. If I’m wrong, please let me know.
Oct 20, 2008 5:15 PM
Arul, duly noted. Their software is Web-based, but its definitely geared toward traditional media trafficking programs. Thanks for the heads up.