Advertising.com secures $57 million financing package

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Baltimore, Md.-based ad-serving company Advertising.com received strategic investments led by Reuters Group totaling $57 million. Other investors include America Online, WPP Group, WorldCom Venture Fund, Grotech Capital Group, New Enterprise Associates, Blue Chip Venture Capital Co., Wheatley Partners, Credit Suisse First Boston Private Equity and Access Technology Partners, an affiliate of Chase Capital Partners.

Copyright August 2000, Crain Communications Inc.

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