Friday, April 8, 2011

Rocket Fuel Takes $6.6M

Redwood Shores-based Rocket Fuel, a provider of a digital advertising network, said this week that it has raised $6.6M in a Series C funding round. The round was led by Northgate Capital, and also included prior investors Mohr Davidow Ventures, Labrador Capital Fund, Nokia Growth Partners and Wilson Sonsini Goodrich & Rosati. The firm said the round gives it a valuation of $160M. Rocket Fuel said it has a revenue run rate of more than $50M for the current year. Rocket Fuel is headed by George John. More information »