ADOTAS — The online advertising company announced the completion of $6.25 million in Series B funding led by RRE Ventures.
Pontiflex said existing investors New Atlantic Ventures and Greenhill SAVP also participated in the round. The new capital will be used to strengthen the ‘cost-per-lead market’ company’s flagship Pontiflex AdLeads product that makes online lead generation simple, effective and transparent.
Pontiflex has signed up advertisers such as Kimberly-Clark, Gold’s Gym, eFax and ad agencies such as Universal McCann, Carat, Leapfrog Interactive and RUF are leveraging Pontiflex to generate guaranteed returns on their branding and direct campaigns. Pontiflex’s growth is consistent with the emergence of performance advertising as the fastest growing segment of online advertising. According to the recently-released 2008 IAB PWC Internet advertising report, performance-based advertising accounted for 57% of the total online advertising spend of $23.4 billion, up from 51% in 2007.
With Pontiflex AdLeads, advertisers can connect to the entire lead generation market through a single point of connection. They can select premium publishers for their campaigns and run display and direct response creative on a CPL pricing model. Both brand and direct response advertisers use these leads to build customer acquisition programs, community sites, e-newsletter lists, social networking groups and loyalty programs.
The company raised $2.5 million in its first round a year ago.