Quantcast
Launch.it is your newsroom to the world. Join to publish and share all your news for free.

AdKeeper Inc. Secures $35 Million In Series B Funding Led By Oak Investment Partners

ADKEEPER INC. SECURES $35 MILLION IN SERIES B FUNDING LED BY OAK INVESTMENT PARTNERS

by Industry:

for AdKeeper Published On: 03.28.12 5.09 pm

 

AdKeeper Inc., the unique online advertising company led by About.com founder Scott Kurnit, has raised $35 million in Series B funding. The round was led by Oak Investment Partners, who joins a prestigious lineup of investors in supporting the company. The funding will be used to grow one of the strongest online media startups in history, with the largest group of charter advertisers ever assembled by a new company and a dream team of executive talent.

AdKeeper™ is a transformative online advertising service that will change the way consumers interact with the Internet. The company emerged from stealth in October 2010 with a pledge to empower consumers to engage with online advertising on their own time and terms. For the first time, consumers will be able to save ads for later, without interrupting their primary online activities. They can go back to their private, personal Keepers™ to review ads they’ve kept when they have the time and inclination. The system works with the simple click of the Keep Button™ which is embedded in the ad during production. No software, browser extensions, plug-ins or pre-registration are required. Click. Kept. Period.

“We welcome Oak to the AdKeeper team and we’re honored to be selected by one of the most prestigious and discerning venture capital firms,” Kurnit said in making the announcement. “With a 32-year history, Oak has achieved a stellar reputation backing industry-leading and innovative growth companies. This investment demonstrates Oak’s confidence in AdKeeper’s business model and our ability to deliver on the promise of driving the evolution of online advertising.”

Fred Harman, Managing Partner of Oak Investment Partners will join AdKeeper’s Board of Directors. Harman is currently on the Boards of several Internet media companies, including Demand Media, Federated Media and the Huffington Post and was previously on the Board of industry-leading Internet advertising services company aQuantive.

“Fred’s track record for investing in and helping to build successful Internet companies gives us a strategic advantage,” noted Kurnit. “I’m delighted that he’s joining our team.”

“We believe AdKeeper’s solution for keeping ads will be an important and welcome addition to the Internet ecosystem,” commented Harman. “By giving consumers a simple way to transform one of their most common offline practices into an online experience, AdKeeper will fulfill a need that has long been overlooked. This is a company with exceptional leadership and a very compelling market opportunity and business model.”

Oak joins earlier investors, including DCM, True Ventures, Spark Capital, First Round Capital, Lerer Ventures, Stan Shuman, The New York Times Company, Betaworks, David Cowan and Scott Kurnit. Series A investor DCM has significantly increased its ownership stake as part of this financing.

AdKeeper has been embraced by the largest group of charter advertisers for any new media launch, ever. These leading companies include: Allstate, Ally Bank, AT&T, Best Buy, CBS, Ford, Gap, General Mills, InterContinental Hotels Group, JetBlue, Kia Motors, Kmart, Kraft Foods, Macy’s, McDonald’s, Pepsi, Sara Lee, Sears, Showtime, The Advertising Council, The Home Depot, Unilever and Warner Bros.

The company’s Advisory Board boasts industry luminaries Bob Greenberg (R/GA), Janet Robinson (The New York Times Company), John Battelle (Federated Media), Jeremy Allaire (Brightcove), Ken Lerer (Huffington Post), Bijan Sabet (Spark Capital), John Borthwick (Betaworks), Wenda Harris Millard (MediaLink), David Rosenblatt (Former DoubleClick), Peggy Conlon (The Advertising Council), David Cowan (Bessemer Ventures), Esther Dyson (Former PC Forum), and George Schweitzer (CBS).

AdKeeper currently operates in private beta, in preparation for its consumer rollout in the first quarter of 2011.

 

  • Follow This
  • Brand Writer Industry
  • Socialize it


  • Rate It

  • Image Gallery


  • View Related Video

  • Related News

AdKeeper™ To Introduce First-Ever “Keep Metrics™”

 AdKeeper™ today announced it will publish ground-breaking new metrics for online advertising that will give marketers a powerful new data set for evaluating online advertising performance, and identifying the most effective online publishing environments for future ad buys.In addition to impressions and clicks, AdKeeper will offer advertisers a third essential analytics tool – Keeps™. Among other data points, Keep Metrics™ will give advertisers critical information about the number of times an individual ad was Kept, the number of online users who Kept them and what websites those consumers were visiting when they Kept the ad.AdKeeper is the new online advertising service that will forever change the way consumers interact with ads on the Internet. AdKeeper emerged from stealth in October, and has since been operating in beta, preparing for its full roll out in Q-1. AdKeeper will give consumers the ability, for the very first time, to Keep online ads for future use, without leaving their current page or interrupting their online experience. With one click of a button, consumers will be able to place ads of their choice into their personal “Keepers™,” where they can return to them at a more convenient time or place, and enjoy absolute control to save, sort, sift, share, rank, review, click, print and buy online from the ads they have specifically selected.AdKeeper’s Founder, Chairman & CEO Scott Kurnit, one of the nation’s most successful online media entrepreneurs and founder of About.com, said, “Advertisers love AdKeeper because it delivers true engagement between consumers and marketers. Those marketers have also made it clear that they’re excited about gaining new insights on creative options and media choices that offer them the best ROI. Based on those conversations, we foresee advertisers shifting ad dollars to create the strongest performance against all three key metrics: Impressions, Clicks, and now, Keeps.”AdKeeper will publish Keep Metrics from a wide range of categories across the web, from apparel and automotive, to entertainment and food, home & garden, health & fitness, mobile, sports, travel and dozens of others. Advertiser-specific data will be available only to those advertisers; however, certain cross-category and other non-proprietary data will be made available on a broader basis.“Accountability is a requirement in today’s business world, and today’s marketers are required to justify their business decisions with the most reliable available data,” said Todd Sloan, Chief Operating Officer of AdKeeper and former Executive Vice President and Chief Financial Officer of Nielsen NetRatings, Inc. “AdKeeper intends to raise the bar on that available data, creating a significant new metric that marketers will incorporate into their existing analytical tool set,” added Mr. Sloan, who will oversee AdKeeper’s Keep Metrics initiative, and will design criteria to ensure that the published data is reliable and complete. “We’ll make sure the service has been running long enough so the initial data sets are representative of the overall service.”Well-known media research veteran Marshall Cohen, President of Marshall Cohen Associates, is supporting AdKeeper’s research and analytics efforts. “Knowing how often, why and which ads consumers Keep — and in what circumstances they Keep them — will help all marketers better understand their actual return on their advertising investments,” said Cohen. “Once there are a sufficient number of Keeps being generated nationwide, this will become a critical piece of information in evaluating the effectiveness of all online advertising.”AdKeeper has been embraced by the largest group of charter advertisers for any new media launch. This prestigious group includes dozens of the nation’s largest companies, including: Allstate, Ally Bank, AT&T, Best Buy, CBS, Ford, Gap, General Mills, InterContinental Hotels Group, JetBlue, Kia Motors, Kmart, Kraft Foods, Macy’s, McDonald’s, Nextag, Pepsi, Sara Lee, Sears, Showtime, The Advertising Council, The Home Depot, Unilever, and Warner Bros.”Until now,” said Kurnit, “the consumer could control every aspect of the Internet experience – except one. We’re changing that. AdKeeper delivers the ability for consumers to finally save online ads for use on their own terms and time. And advertisers gain not only an important new communications vehicle, but also important new performance data that will dramatically enhance their analytical abilities.”AdKeeper launched in October in private beta, and will be widely available in the first quarter of 2011.


  • Comments