Openads Opensource project Raises $5 million
Openads, the developer of a popular seven year old opensource ad server, have spun out of London based ad network Unanimis and raised $5 million in capital to fund their business. The round was led by Index Ventures, with participation from First Round Capital, Mangrove Capital Partners, and O'Reilly AlphaTech Ventures. Index Ventures' Saul Klein joined the company's board of directors. Josh Kopelman of First Round Capital also mentioned their investment it on his personal blog.
Source: http://www.techcrunch.com/2007/06/13/openads-opensource-project-raises-5-million/
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