Brand.net Secures $10 Million in Series B Funding.Investment to Accelerate Growing Leadership Position and Innovation in Brand Advertising SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif. -- Brand.net, the first online advertising network focused exclusively on brand advertising, today announced completion of its Series B round of funding. The $10 million financing was led by Norwest Venture Partners (NVP NVP Network Voice Protocol NVP Nausea and Vomiting of Pregnancy NVP Name-Value Pair NVP National Vice President NVP Nominal Velocity of Propagation NVP N-Version Programming (multiple functionally equivalent program versions) ) with reinvestment Reinvestment Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. from InterWest Partners. The company will use the investment to fund technology innovation for its expanding customer base and accelerate its growing leadership position in the online brand advertising industry. Led by a team of brand advertising industry experts with decades of online publisher experience, Brand.net is transforming the way brand advertisers and agencies achieve value online. Leveraging deep expertise and proprietary technology, Brand.net delivers compelling inventory quality, value and scale - the three core drivers of successful online brand campaigns. Leading Fortune 100 companies trust Brand.net to deliver excellence without compromise supported by a written guarantee for all online campaign objectives. "Brand advertising is the biggest growth opportunity online," said Robert Abbott, General Partner, Norwest Venture Partners, who will be joining Brand.net's board of directors. "With its experienced team and proprietary technology, Brand.net is well-positioned to capture substantial market share and financial returns. We are very excited about the Brand.net value proposition." "We are delighted to join the Norwest family," said Elizabeth Blair, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Brand.net. "This is the most exciting time in the history of online brand advertising. The entire Brand.net team is committed to delivering compelling value to brand agencies and advertisers, and looks forward to driving continued business growth and success for them in the future." About Brand.net Brand.net is the first online advertising network focused exclusively on Brand advertising. The company combines decades of industry expertise with technology innovation to deliver unparalleled quality, value and scale to brand advertisers and agencies. Brand.net works with leading global brands to optimize buying strategies, secure superior inventory and achieve core campaign objectives without compromise. Headquartered in San Mateo, California San Mateo is a city in San Mateo County, California, in the San Francisco Bay Area. It is one of the larger suburbs on the San Francisco Peninsula, located between Burlingame to the north, Foster City to the East, and Belmont to the south. , Brand.net was founded in 2007 and has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Chicago and Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . For more information, please visit: www.Brand.net. About Norwest Venture Partners Norwest Venture Partners (NVP) is a global venture capital firm that has actively partnered with entrepreneurs to build great businesses for more than 45 years. NVP focuses on investments in information technology including: Internet, media and consumer, software, services, enterprise and communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. and semiconductor/components. The firm currently manages more than $2.5 billion in venture capital out of its headquarters in Palo Alto, California “Palo Alto” redirects here. For other uses, see Palo Alto (disambiguation). Palo Alto (IPA: /ˌpæloʊˈʔæltoʊ/, from Spanish: palo: "stick" and alto: "high", i.e. and has funded over 450 companies since inception. For more information, please visit www.nvp.com. About InterWest Partners InterWest Partners (www.interwest.com), founded in 1979, is a leading diversified venture capital firm focused on building long-term relationships with entrepreneurs and portfolio companies. Currently investing its tenth fund, IW X, a $650 million fund, InterWest has raised more than $2.8 billion of capital since inception. InterWest has 14 investing partners in Menlo Park Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , CA and Dallas, TX, who bring together deep domain knowledge in life sciences and information technology. |
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