Online Ad Company RadiumOne Raises $21 Million

RadiumOne is an online advertising company that uses data from social networks. The lead investor in this round was Crosslink Capital. DFJ Esprit, Adams Street Partners, and Trinity Ventures also joined in this round. This round of funding gives RadiumOne a $200 million valuation. RadiumOne was founded by Gurbaksh Chahal, who is best known for selling BlueLithium Inc. to Yahoo! for $300 million in 2007. According to a source RadiumOne was given an acquisition offer of $200 million before the funding was raised. RadiumOne has raised a total of $33.5 million and was profitable in the fourth quarter. [Bloomberg]

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