Lijit Closes $7.1M Series C Financing
Rewind six months. Lijit just moved into its downtown Boulder offices. It’s December 31st, 2007 and I was sitting at home in my subterranean office thinking, wow – how are we going to make our 2008 numbers… Hmmm.
Then, almost like magic, an incredible publisher signed up – that, at the time, was HUGE. I remember thinking, what a blue bird. But how are we going to make the February numbers! Well, we did make the February numbers and every month between then and now.
As a result of our success we decided to pour more gasoline on the fire. Now we have a genuine Burning Man going on here.
Thanks to Foundry Group, who led our investment round. If you’re going to do something in the online publisher space, get these guys onboard. Nuff said. In fact, all our investors are amazingly supportive and at one time or another have been instrumental in building what we are doing.
Lookout, there is no stopping us now.
August 12th, 2008 at 10:03 am
Congratulations Todd. As someone endlessly going through fund raising, I envy you a great deal. Keep up the good work.
August 12th, 2008 at 7:25 pm
Congrats! I am excited for you guys.
August 13th, 2008 at 2:24 am
[...] them here on The Blog Herald, and b5media is among their clients. The news that they had secured $7.1 million in Series C funding reached the blogosphere yesterday, as did further hints of their upcoming ad [...]
November 3rd, 2008 at 12:42 pm
[...] continues to rock as it is now reporting that is has raised an additional $7.1M in venture funding from The Foundry Group, Boulder Ventures, [...]