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.
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