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Adconion Media Group has received a massive $80 million in Series C funding for its online advertising network. The funding round was led by Index Ventures with participation from Wellington Partners. The company is touting the news as “largest purely VC raise in history.”
Adconion is based in London and is most prominent internationally. According to stats the company publishes on its homepage, they serve approximately 290 million ad impressions per day, only about 50 million of which are in the US.
[img src="" caption="" credit="" alt=""]Separately, Glam Media, the female-focused media company and ad network announced that it has raised a total of $84.6 million ($64.6 million Series D, $20 million debt financing). The funding was lead by media company Hubert Burda Media, with participation from GLG Partners, DAG, Accel Partners, Draper Fisher Jurvetson, Walden Ventures, and Information Capital.