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July 05, 2006
Kontera Adds Lehman Bros To Sequoia
Red Herring is reporting that Kontera, whose software is a lot like Intellitxt, which you can see in action on sites like OReilly's LinuxDevCenter or Hoovers Companies Database, has raised $7 million in venture funding from Sequoia Capital and Lehman Brothers Venture Partners in the past year.
This company is one of several that Lund Kenner has seed funded, although it is not mentioned in the Red Herring report.
However, some other interesting details are there that show the clubby-ness of the VC world:
Kontera, which has 40 employees, previously disclosed that Sequoia had invested in its first round, but did not specify terms of the deal. Sequoia’s Israel office invested $4 million about a year ago, and Lehman Brothers joined that round by adding $3 million in June, the company and its investors told RedHerring.com.Sequoia’s other advertising and marketing investments include AdBrite and PopularMedia.
Lehman, on the other hand, wanted to do its first deal in the advertising space and looked to frequent partner Sequoia to get in on a deal, said Tom Banahan, managing director of Lehman.
Read - Kontera’s In-Text Ads Get Cash (red herring)
Posted on July 5, 2006 10:55 AM | Posted to Venture Capital | Permalink
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