Adware Firm WhenU Wins Funding

Thanks for visiting the Affiliate Tip blog. Subscribe to my RSS feed or enter your e-mail on the top left to get updates by e-mail.

Adware purveyor WhenU raised $20 million in private equity through ABS Capital Partners, according to Red Herring. The firm said it would use the moneys to flesh out its marketing and distribution efforts, an effort it already had underway as part of its effort to distinguish itself from spyware companies.

The $20 million may be short of its initial funding ambitions. A little less than a year ago, WhenU publicly sought financing of about $50 million, most of which would have gone as a payout to company founders, with $20 million going to fund operations.

WhenU has been aggressively moving more toward the mainstream of advertising since it hired former About.com CEO Bill Day in September. These efforts have been noticed prominently since.

Complete article at http://www.marketingvox.com/archives/2005/04/27/adware_firm_whenu_wins_funding/