AdBrite Raises $23 Million
Summary
In the past twelve months, AdBrite launched a real-time auction model and an expanding range of ad formats to deliver transparency and price-efficiency for online advertisers and publishers. “This additional funding and new board expertise will help accelerate our expansion.” Deloitte‘s Rising Star program recently named AdBrite the third-fastest-growing young technology company in North America. “We saw from the very beginning that AdBrite’s unique platform could bring increased efficiency and transparency to online advertisers and publishers,” said Mark Kvamme, Partner at Sequoia Capital. He also served as President of Marketing and Distribution at Columbia Pictures in the late 80’s where his releases include Ghostbusters, La Bamba, Karate Kid, Stand By Me & Tootsie. With roots from the 1980’s in cable TV, infrastructure, media, and wireless industries, the partnership today is privileged to work with world-class entrepreneurs as they build tomorrow’s leaders in the information technology, energy, and life science sectors.