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Clickable takes home US$3m

Clickable Inc., a New York-based web service which allows online advertisers to manage their search marketing campaigns, has secured US$3m in Series A financing. Union Square Ventures and Pequot Ventures led the round, with participation by Monster Ventures, Schoffstall Ventures and strategic angel investors. The company, currently in private beta, intends to use the funds to accelerate its product innovation and development, to continue building its management and development teams, and to release its full product later this year.