Online Ads company Clickable raises $14.5 mil
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Clickable (www.Clickable.com ), the online search advertising company today announced completion of its Series B round of investment. The $14.5 million financing was led by Founders Fund, with additional backing from existing investors Union Square Ventures and FirstMark Capital.
The funding amounts to a total of $22.5 million in capital, raised over the past 12 months. It will be used to accelerate Clickable’s momentum as the preeminent advertising solution for small and midsize marketers.
“Clickable’s tools allow users to track and manage campaign performance across multiple ad networks with a comprehensive, easy-to-use dashboard,” said Justin Fishner-Wolfson, a Principal at Founders Fund, who joins Clickable’s board of directors. “Clickable’s intuitive technology makes it easy for advertisers and agencies to realize the true potential of search ads.”
Strategic individual investors will continue their involvement in Clickable, including: Jonathan F. Miller, former America Online Chairman and Chief Executive, and a Clickable and Yahoo board member; and Peter Thiel, Managing Partner of The Founders Fund and Co-founder of PayPal.
Clickable is the winner of several prestigious awards, including: Ernst & Young’s Entrepreneur of The Year; AlwaysOn’s OnMedia 2008 Newcomer of The Year; and Finalist in TechCrunch 40 and the American Business Awards.
