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Got Funds? DataXu and DoubleVerify

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Mar 8, 2010 

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Gavin Dunaway  |

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Got Funds? DataXu and DoubleVerify

ADOTAS – Series B funding rounds ended quite bountifully for both DataXu and DoubleVerify, with the two raking in $11 million and $10 million, respectively.

Menlo Ventures led the bidding for real-time bidding platform DataXu. Also participating were Flybridge Capital Partners, who bankrolled the company’s Series A round last April, and Atlas Venture. Menlo Ventures Managing Director John Jarve will join DataXu’s board of directors.

The firm launched its demand-side platform in September 2009. The funding will be used to invest in new product development, sales and marketing, as well as international expansion.

Institutional Venture Partners, which tends to be a later-stage investor in fast-growing digital media and technology companies, led verification company DoubleVerify’s funding. The round also featured participation from existing DoubleVerify investors.

Tags: DataXu, DoubleVerify, funding and RTB

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