Clickable Gets $6M In Funding

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money_tree_small.jpgClickable announced the completion of its Series A round of investment, led by Pequot Ventures and Union Square Ventures, totaling $6 million.

The round included investments from strategic individual investors Peter Thiel, Managing Partner of The Founders Fund and Co-founder of PayPal and Jonathan F. Miller, former America Online Chairman and Chief Executive.

Clickable will use this investment to continue to accelerate product development and support its 2008 public launch as the preeminent online advertising solution for small and midsize marketers. Clickable provides an intuitive experience to view and manage online advertising across a broad range of major advertising networks, while realizing transformational ROI with greater efficiency through simplicity.

This is the second close of a strategic Series A capitalization, completing a financing led by the same institutional investors.

The company also announced the addition of Rick Heitzmann, a Partner at Pequot Ventures to its Board of Directors. Heitzmann is a veteran venture capitalist focused on emerging media and advertising, and data and information services. This follows the recent appointment of Jonathan Miller to Clickable’s Board.

Clickable is an online advertising Web service that makes creating and managing search-engine marketing campaigns simple and effective. Clickable provides an intuitive experience to view search marketing performance across a broad range of networks, including Google AdWords, Yahoo Search Marketing, Microsoft adCenter and others.

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