TechCrunch 40 finalist PubMatic has taken $7 Million Series A in a round led Nexus India Capital that included original investors Draper Fisher Jurvetson and Helion Ventures.
PubMatic offers a meta ad server that sits between online publishers and online ad networks like Google AdSense, Yahoo Publisher Network and Value Click. Their service helps small and medium sized publishers manage and maximize their advertising inventory by communicating with multiple ad networks to help them find the optimal ad layout and the highest paying ad network. They also provide users with a central dashboard to track all their ad networks and ad configurations.
Although still in beta, PubMatic has over 1500 users using their service and supports dozens of ad networks. Rajeev Goel, co-founder and general manager of PubMatic said that the investment will allow PubMatic to expand their user base.
See our previous review of PubMatic here, and a video of their TC 40 presentation below.
Update: PubMatic let us know that their first round was Angel so this is Series A.