RadiumOne is an online advertising network company that has acquired Focal Labs, the company that developed the photo sharing and geo location apps Clixtr and PicBounce. Clixtr turns smartphones into “social cameras.” When you are at a birthday party or at a rock concert, photos that you take can be turned into full photo albums using Clixtr.

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]