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Kontera gets $15.5M venture round |
San Francisco Business Times, Patrick Hoge, July 23, 2009
Kontera, which sells ads linked to keywords on web sites using patented semantic technology that tries to figure out user intent, has closed a $15.5 million round of financing led by Sequoia Capital, with participation from Tenaya Capital and Carmel Ventures.
The San Francisco company previously raised $7 million in 2006 its first round of venture funding.
Founded in 2003, Kontera claims double-digit quarter-on-quarter revenue growth and that it reaches more than 100 million unique users per month on a network featuring 15,000-plus publishers. In May, ComScore said Kontera was the fifth fastest growing internet advertising network, with a 40 percent increase viewers in the prior 12 months.
Kontera has offices in San Francisco, New York, Los Angeles, Detroit, Chicago, Atlanta and Tel Aviv.
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