Online Advertising Startup AdRoll Raises $70 Million In Funding

AdRoll, an online advertising re-targeting Startup has announced a major round of funding. The company has raised over $70 million with the help of Investor Foundation Capital, Institutional Venture Partners (IVP), Northgate Capital, Performance Equity and Glenmede; as well as existing investors Merus Capital, Accel Partners and Peter Thiel. AdRoll aims to use the cash to capitalise on the current surge of interest in ad tech. The amount is considered to be the biggest for an ad tech startup in the last year.

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