Jellyfish confirms $5 million funding
By Vivek Puri | October 27th, 2006 at 10:13 am ET
Jellyfish.com today announced it closed it Series B round of funding, securing $5 million in a round lead by Kegonsa Capital Partners and Clyde Street Investments. I had written about this investment few days back. As part of this investment round Ralph Dillon, Managing Member of Clyde Street Investments, LLC, will join the Jellyfish Board of Directors.
Jellyfish is betting on Cost-Per-Action(CPA) based advertising to to eliminate click fraud. Jellyfish will also be launching important updates to it site soon to provide better customer experience and a scalable backend for sellers to load thousands of products into Jellyfish system quickly and easily.
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