|
contents | business | |||||||
| Rocket Fuel Accelerates Growth with Series "C" Funding Rocket Fuel has secured a $6.6 million Series "C" funding round led by Northgate Capital, a later-stage investor in rapid growth and emerging technology companies. The round also included participation by existing Rocket Fuel investors including Mohr Davidow Ventures, Labrador Capital Fund, Nokia Growth Partners and Wilson Sonsini Goodrich & Rosati. Rocket Fuel's Series "C" funding brings its overall corporate valuation to $160 million and based on its current run-rate for sales and bookings, the company projects revenue of more than $50 million for the current year. The company will use the proceeds of this funding round to augment an already robust organic growth trajectory, with a focus on new product development as well as expansion of business development, sales and marketing activities. write your comments about the article :: © 2011 Computing News :: home page |