Lotame Grabs $13 Million, Generates Revenue!

Yesterday Lotame, a social network advertising platform, announced that they raised $13 million primarily from Emergence Capital Partners. One thing that I like about this company is that they generate revenue! Yes, unlike many companies in the social web economy, Lotame already generates revenue. While they haven’t stated the amount, there’s a good chance that it’s relatively significant.

A couple months ago Lotame announced that they now reached 52 million users with a U.S. reach greater than Facebook.

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