Online ad company ContextWeb raises $26 million
Contextual advertising company ContextWeb has raised $26 million in a fourth venture round of funding led by Investor Growth Capital. Existing investors Draper Fisher Jurvetson, DFJ Gotham Ventures, Updata Partners, DFJ New England and Gold Hill Capital also participated. The New York company has raised $54 million to date.
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About the Author, Eric Eldon
Eric currently covers digital media technology and business news, especially what's happening on social networks and their platforms. He also writes and edits stories about venture capital, and lots of other stuff, too. He started at VentureBeat in the spring of 2007, half a year or so after Matt Marshall left his reporting job at the San Jose Mercury News to found the site. Eric previously cofounded a startup called Writewith, that was building editorial software for newspapers and other groups of writers. The startup didn't work out, but he learned a lot.