OpenAds Raises $5 million
Three open source projects phpAdsNew, phpPgAds and Max Media Manager have joined forces to create a single and global solution that is called OpenAds . The solution which is very well known for the PHP Community and the advertising business, have been used widely even by very well known advertising companies such FMpub . The investment have been raised by Index Ventures, Mangrove Capital Partners, and a number of incredible angel investors – to help Openads realise its vision: to become the platform that all websites use to make money online. According to OpenAds Blog , the money will help releasing new versions of the software fast. A good news for an open source PHP project which is moving a step forward to confirm its position as best “ad server”. Currently 3 different version of OpenAds is available for download, but this going to be merged very soon. Also I wanted to mention that OpenAds is hiring, if you are around central London you might check this . Below the press release : Openads, the developer of a free, open source adserver designed for and used by publishers worldwide, secured a $5 million Series A financing led by Index Ventures, with participation from First Round Capital, Mangrove Capital Partners, and O’Reilly AlphaTech Ventures. The London-based company plans to use the funds to accelerate product development and expand its team.
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OpenAds Raises $5 million
