Lijit Networks, Inc. Secures $7.1 M

Aug 15, 2008

Lijit Networks, Inc., a company that provides search-powered applications for both individual online publishers and online publisher networks, announced that it has closed a $7.1M series C round of financing, led by Foundry Group. Existing investors, Boulder Ventures and Colorado Fund I, managed by High Country Venture, also participated in the round. Lijit will use the proceeds from this financing to launch its search-powered ad network, which allows publishers to sell their own search ad inventory, as well as to expand its offices and employee base.