Lijit Gets $7M more of funding, will open Ad Network

August 12th, 2008 by Avatar X Leave a reply »

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Amazing what the improving and consolidation of idea with potential can bring:

Lijit, the company that develops search applications for online publishers and publisher networks, has just closed a $7.1 million Series C round of financing, led by Foundry Group. Existing investors Boulder Ventures and Colorado Fund I, managed by High Country Venture, have also participated in this round. Lijit has now raised more than $10 million in total

And they plan to bring in the money rolling in to make up for the $10 million dollars in funding they now got by launching a Ad Network. something that sounds indeed interesting. i would still like a better implementation of the search. something like the Live Search Widget so it can load faster. but the ad network is interesting and i think it should work out now they got enough footprint in blogs.

LIJIT

Lijit Raises Another $7M; Plans Ad Network Launch via Mashable

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