Advertising impression site Adauction.com, San Francisco, locked in more than $7 million in financing. Digital-media venture-capital company Convergence Partners is the lead investor. Other funders include Geneva Partners, BZ Partners, Silicon Valley Bank and numerous private sources. The company Adauction.com has raised a total of $10 million since it began operating in September 1997.
Copyright December 1998, Crain Communications Inc.