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Openads Closes $15.5 Million Series B Funding
Openads has
announced the receipt of 15.5 Million dollars in funding.
"Openads, the developer of the free,
open source ad server now used by more than 30,000 publishers worldwide,
today announced the completion of its Series B financing. The $15.5 million
investment was led by Accel Partners, with participation from existing
investors Index Ventures, First Round Capital, Mangrove Capital Partners
and O'Reilly AlphaTech Ventures. The company will use the funds to
accelerate product development and expand its team to support its large
publisher community, which is now using Openads to deliver billions of ads
daily in over 100 countries around the world."
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