The company did not disclose a valuation for the deal, but Adknowledge president Brett Brewer said it will retain more than half of the cash for growth and that founders and management will continue to own the majority of shares."
Monday, March 20, 2006
TheDeal.com - Adknowledge scores $48M
"Online advertising aggregator Adknowledge Inc. raised the first outside equity investment in its 2-year history, landing $48 million from Palo Alto, Calif.-based Technology Crossover Ventures in a deal that combines growth capital and liquidity for founders.
The company did not disclose a valuation for the deal, but Adknowledge president Brett Brewer said it will retain more than half of the cash for growth and that founders and management will continue to own the majority of shares."
The company did not disclose a valuation for the deal, but Adknowledge president Brett Brewer said it will retain more than half of the cash for growth and that founders and management will continue to own the majority of shares."
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