UK - Accel Partners leads $15.5m OpenAds funding
Accel Partners has led a $15.5m series-B funding round for online advertising platform OpenAds, alongside exisiting investors Index Ventures, First Round Capital, Mangrove Capital Partners and O'Reilly AlphaTech Ventures.
OpenAds has developed a free, open source advertising server, which provides publishers with tools to schedule, manage and track online marketing campaigns. The server is used by more than 30,000 customers, delivering billions of ads daily in over 100 countries worldwide.
The new capital will be used to continue product development and expand the support team in preparation for the launch of a new hosted version of the server, which will eliminate the need for publishers to run the software on their own servers.
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