Adbrite with USD 4 million investment

Filed in archive Venture Capital on January 20, 2005

Adbrite (formerly known as Marketbanker) has secured a US$ 4 million investment from high-profile investor Sequoia Capital. Behind Adbrite is Philip Kaplan with his formerly infamous F -- edCompany.com.

Creative Weblogging has worked with Adbrite/ Marletbanker for quite some time but we haven't been too pleased with the performance. However I think Adbrite has a pretty smart and potentially scalable business model. It might not have needed 4 mio but nevertheless congratulations Phillipp!