Millenial Media Raises $27.5 Million From Bessemer, Columbia, Charles River, and NEA

Millenial Media is a mobile ad network company based in the U.S. that has raised $27.5 million. Bessemer Venture Partners, Columbia Capital, Charles River Ventures, and New Enterprise Associates (NEA) all participated in this round of funding. Millenial Media has raised a total of $65 million in funding thus far. Millenial Media raised this round of funding because the company wants to stay independent and not get acquired. They have plans to expand internationally too. [AllThingsD]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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