Lijit Networks Closes $10M Financing Round

Lijit Networks, Inc., a Boulder, Colorado-based provider of custom site search, reader engagement tools, and advertising solutions for online publishers, has closed $10m in financing.
The round was led by new investor Highway 12 Ventures, with participation from existing investors Foundry Group, Boulder Ventures and Colorado Fund I, managed by High Country Venture.
The company intends to use the funds to accelerate growth of its publisher network (which now includes more than 17,000 websites) and expand the reach of its online advertising services.
Founded in June 2006 by CEO Todd Vernon, Lijit Networks provides content discovery and search tools designed to help publishers make more money, enhance reader engagement, lengthen time on site and increase page views.

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