Display Ad Company Chango Raises $4.25 Million

Posted Feb 2, 2011

Display ad company Chango is a Toronto based ad targeting company that has raised $4.25 million in a new round of funding led by Rho Canada, Inovia Capital, Metamorphic Ventures, Extreme Venture Partners, and Geoff Judge. Chango has raised a total of $6 million in funding.

Chango is an ad platform company that targets viewers based on their previous search history. Chango was founded by Chris Sukornyk. Chango buys cookie data from data exchanges and toolbar companies.

Sukornyk previously co-foudned the X-Stream Network, an ISP in Europe that was sold to LibertySurf for $75 million. He also founded bubbleshare and sold it to Kaboose. And he founded and sold FiveLimes to Avid Life Media.