Recession? What recession?
SocialMedia Networks has managed to rake in $6 million in new funding on Friday. The venture capital comes from IDG Ventures SF and Charles River Ventures.
SocialMedia Networks serves ads in over 5,000 different applications on Facebook, MySpace, Bebo, and Hi5. It claims to be the web’s largest independent social media advertising network.
The new funding will go toward expanding the company’s Chicago, New York, and international sales teams.
Related articles by Zemanta
- Social Media and Tech Job Listings Featured by Mashable (mashable.com)
- SocialMedia Raises $6 Million From IDG (ajax-blog.com)
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=0642d25b-9711-45e7-868d-ffd38fb8a0b6 "SocialMedia Obtains $6 Million in Funding")
It's nice to see you again! Thanks for reading Blippitt. What do you think of this story? Be sure to leave a comment below.
Two Baltimore Blizzards in One Week? The #Snowpocalypse Continues
‘Miss Me Yet?’ Billboard of George W. Bush Is Real, but Who Did It?![Canon EOS Rebel T2i [Deals]](http://blippitt.com/wp-content/uploads/2010/02/canon-eos-rebel-t2i-150x150.jpg)
Canon EOS Rebel T2i [Deals]
Famous and Celebrity Birthdays for February 9, 2010
Clothing Care Fail
