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Lijit Raises $7.1M

Boulder, Colorado-based Lijit Networks has raised $7.1M in a Series C investment, the firm said today, in a round led by Foundry Group. Lijit, which provides online search widget applications, said that its other existing investors, Boulder Ventures and Colorado Fund I managed by High Country Venture, also participated in the funding round. Lijit will use the funding to launch its own advertising network. Lijit has now raised around $11M in funding for the firm's software. More information »