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AdBrite Closes $23 Million Series C Investment

Monday, December 03, 2007 5:30:00 AM PDT | VentureDeal Staff

SAN FRANCISCO, CA -- Online ad marketplace AdBrite, Inc. announced the close of its third round of financing, receiving $23 million from existing and new venture capital firms.

AdBrite operates an online advertising marketplace that brings advertisers and publishers together.  The company serves advertisements and provides advertisers and publishers with real-time campaign information.

Investors in the round were Sequoia Capital, DAG Ventures and new investor Mitsui & Co.  The company will use the proceeds for sales and marketing expansion.

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