Lijit Networks Secures $6 Million in Funding

Jun 24, 2010

Lijit Networks, a provider of search and discovery tools for online publishers, announced it has closed a $6,000,000 financing round led by Foundry Group. Also participating were Boulder Ventures and Colorado Fund I, managed by High Country Venture. The new investment brings the total venture capital investment in the company since its launch in 2006 to $17,000,000.

Lijit also announced that is has expanded its publisher network to include 12,000 publishers, with 700 million page views and 53 million unique visitors per month. The company indicated that the new financing will be used to continue expanding its publisher network and continue development of its recently launched Advertising Services Platform.