Marin Software Raises $16 Million In Series E

Posted Apr 5, 2011

Marin Software is a company that makes search engine management tools for advertising companies. They have raised $16 million in Series E funding led by Crosslink Capital. DAG Ventures, Focus Ventures, Benchmark Capital, and Triangle Peak Partners also participated in this round. Marin now has a total of $51 million in funding.

Eric Chin, a Crosslink Capital partner will be joining the board of directors at Marin Software. Former Shutterfly VP of Finanace John Kaelle will be joining the Marin team as the EVP and CFO as well.

Marin’s software helps advertising companies and agencies manage paid search campaigns over Google, Yahoo!, and Bing. Marin Software has about 800 clients and manages about 600 million keywords. They also manage $2 billion in annualized paid search spend for their customers.