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Irvine’s WebVisible Inc., an online advertising search company for small businesses, raised $12 million in a second round of venture funding.
Palo Alto-based Sutter Hill Ventures led the round with $8 million. Los Angeles-based Redpoint Ventures contributed $4 million.
The money is set to go toward beefing up the company’s sales and marketing staff and expanding in Europe, Asia and South America.
“We feel extraordinary about this,” said Kirsten Mangers, cofounder and chief executive. “We have had the advocacy of one of the largest venture capital firms in Silicon Valley.”
Privately held WebVisible doesn’t disclose sales. The Business Journal estimates yearly revenue at about $10 million. It’s set to turn a profit by 2009, Mangers said.
Congratulations to webvisible. | |
(March 2008) (
