Bain, Khosla, and Madrona Invest $5.3 Million Into AdReady
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AdReady is a Seattle-based online advertising company that has raised $5.3 million in funding as noticed on an SEC filing. The VC companies involved in the deal include Madrona Venture Group, Bain Capital, and Khosla Ventures. This round of funding puts the total funding AdReady has at $17.3 million. The company has also hired Steve Singh, Chairman/CEO of Concur as a board member. Hulu CEO Jason Kilar is also on the B.O.D. at AdReady.
AdReady develops tools that make ads efficient to produce and monitor. Many of AdReady clients include small and medium sized businesses. AdReady was co-founded by Aaron Finn. Karl Siebrecht, the CEO and President at AdReady was a general manager for Microsoft.