Ad.ly Raises $5 Million and Hires New CEO

Posted May 12, 2010

Ad.ly is known for being a Twitter advertising company. Ad.ly has raised $5 million in funding from GRP Partners, Greycroft Partners, and Matt Coffin. Arnie Gullov-Singh has also been hired as the new CEO of the company. Arnie was previously the EVP of product, technology, and operations at the Fox Audience Network. [TechCrunch]