Google's Schmidt invests in Spongecell

Published on .

Most Popular
New York—Eric Schmidt, executive chairman of Google, is leading a new round of investment in Spongecell, a startup company that provides dynamic online advertising technology. The amount of the funding was undisclosed. Other investors include Jim Pallotta, chairman-managing director of investment firm Raptor Group; Brian Rooney, a board member of the Pittsburgh Steelers; and investment firm Silverhaze Partners. The funds will be used to help drive product development and sales, Spongecell said in a statement.
In this article: