Wednesday, March 21, 2007

Teracent Gets Funding

Foster City-based Teracent has quietly received venture funding for the firm's Internet advertising network, according to a regulatory filing. According to a report from Private Equity Week, the firm raised $5M in a Series A round from NEA, citing a regulatory filing. Peter Sonsini of New Enterprise Associates is on Teracent's board of directors, and the firm is also listed as a portfolio firm of KPG Ventures. More information »