Friday, September 30, 2011

Connexity Gets $2M In Credit Line

Ventura-based Connexity, a developer of Internet advertising and targeting technology, announced today that it has secured $2M in a debt financing. The financing came from Silicon Valley Bank. Connexity said the line will go towards additional working capital, to accelerate its growth. Connexity is headed by Dave Gross, the former CEO of FastClick and Celerus Diagnostics, and investor at Persistence Partners. Gross was the co-founder of Fastclick, which he took IPO in 2005, and was eventually sold to ValueClick.

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