FM Publishing Raises Series B

Federated Media Publishing, a Sausalito, Calif.-based advertising network for blogs, has raised $4.5 million in Series B funding, according to a regulatory filing. Return backers include JPMorgan Partners and Omidyar Network. It's unclear how much the company had raised previously (it won't say), but our database indicates a $750,000 seed round in mid-2005 and at least $2 million in Series A funding last year. FM declined to comment.