ContextWeb Raises $9M in 2nd Round Funding

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ContextWeb Raises $9 Million Second Round:
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A contextual ad firm i'd not heard of, but have added to our Adsense Alternatives list, ContextWeb, have just closed $9M in 2nd round funding. They could well be one to watch...

"Internet based, contextual advertising technology is one the largest and fastest growing markets available today," said Conor Mullett, general partner of Updata Partners. "ContextWeb has a unique and differentiated technology and highly profitable business model that we believe will allow it to be a market leader in its space. This is evidenced by its significant revenue momentum and acquisition of leading customers such as Meredith Corporation and HighBeam Research. We are excited to support the ContextWeb team in building a market leader."