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After Revising Mobile Ad Network, Millennial Media Raises $15 Million In Second Round

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Mobile ad network Millennial Media has raised $15 million in a second round financing led by Charles River Ventures. With this funding, the company, which has offices in Baltimore and New York, has raised a total of $21.3 million. Millennial Media plans to use the funding to continue expanding its global sales force and business development initiatives.

SEE ALSO: Mobile Ad Firm Millennial Media’s Total Funding: $6.3 Million First Round

The company recently made some upgrades to its performance-based network platform, Decktrade, including a one-click campaign management tool that helps automate the process of setting up budgets for campaigns across different carriers. Release

Disclaimer: Millenial is a sponsor of MocoNews.

Nov 5, 2007 12:49 PM ET

Posted In: Advertising, Money, M&A & Venture Capital, millennial media

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