SocialMedia Raises $6 Million More After $15 Million in 2008 Revenues
SocialMedia, one of the leading ad networks on the Facebook Platform and other social media platforms, has raised an additional $6 million from new investor IDG Ventures and existing investor Charles River Ventures, VentureBeat reports. IDG’s Alex Rosen will be joining the company’s board.
In addition, the company says it closed over $15 million in revenues for 2008, largely driven by its centerpiece “Word of Mouth” advertising products for big brands to engage users on social networks.
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