OptiMine Software Obtains $3,600,000 Series B Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c187c1f0-fa2c-40f3-864d-927a85c2603a&Preview=1
Date
10/24/2011
Company Name
OptiMine Software
Mailing Address
1365 Park Road Chanhassen, MN 55317
Company Description
OptiMine Software was founded by experienced software executives, including Rob Cooley and Doug Bryan, experts in marketing applications based on data mining.
Website
http://www.optimine.com
Transaction Type
Venture Equity
Transaction Amount
$3,600,000
Transaction Round
Series B
Proceeds Purposes
OptiMine, which develops keyword bid optimization software for large paid-search advertising programs, will use the funding to make significant investments to expand its product development and sales capability, among other activities.
M&A Terms
Venture Investor
Hummer Winblad Venture Partners
Venture Investor
Undisclosed