Klein: Index Ventures gives majority of initial investment to Openads

DoubleClick rival Openads secures $5m funding

by Alex Donohue Brand Republic 13-Jun-07, 12:25

LONDON - Adserver company Openads has secured $5m worth of venture capitalist funding, to help it compete with Google and its recently acquired DoubleClick.

The initial investment, which comprises a majority amount from Index Ventures, along with First Round Capital, Mangrove Capital Partners and O'Reilly Alpha Tech Ventures, will be used by Openads to...

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