Deal Announcements

LucidMedia Adds $9 Million New Funding

Friday, December 05, 2008 5:38:00 AM PDT | VentureDeal Staff

Reston, Virginia  --  Digital media company LucidMedia announced that it has raised $8.8 million in new venture capital investment.

LucidMedia has developed an online contextual advertising platform and network that optimizes display advertising performance for advertisers and agencies.

Investors in the round included Lake Street Capital, Melton Investments and others.  The company also announced the opening of a New York City sales team.

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