Wednesday, April 20, 2011

Lijit Raises $10M

Boulder-based Lijit Networks has raised another $10M in funding, the firm said this morning. Lijit provides site search tools, plus runs its own online advertising network. The new round was led by new investor Highway 12 Ventures, and also included prior investors Foundry Group, Boulder Ventures, and Colorado Fund I. According to the firm, the new funding will go to accelerate growth of its publisher network, and to help fuel adoption of its online advertising service. Lijit said it now has more than 17,000 websites, and is seeing more than 1.5 billion pageviews a month and 106 million unique visitors per month via its network. The new funding brings Lijit's total raised to somewhere around $27.0M. More information »