Millenial Media Raises $27.5 Million From Bessemer, Columbia, Charles River, and NEA

Posted Jan 5, 2011

Millenial Media is a mobile ad network company based in the U.S. that has raised $27.5 million. Bessemer Venture Partners, Columbia Capital, Charles River Ventures, and New Enterprise Associates (NEA) all participated in this round of funding. Millenial Media has raised a total of $65 million in funding thus far. Millenial Media raised this round of funding because the company wants to stay independent and not get acquired. They have plans to expand internationally too. [AllThingsD]