ContextWeb Raises Fourth Round

ContextWeb Inc., a New York-based developer of contextually-based online advertising solutions, has secured over $26 million of a $30 million Series D round, according to a regulatory filing. Investor Growth Capital was joined by return backers like Draper Fisher Jurvetson, DFJ Gotham Ventures and Updata Ventures.

 

Savvian Advisors served as placement agent.

 

ContextWeb has now raised over $53 million since 2004. www.contextweb.com