TechTarget secures $15 million in additional funding

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Needham, Mass.—Fresh from completing a $40 million cash acquisition of Bitpipe earlier this month, information technology media company TechTarget announced Tuesday that it has secured $15 million in Series C funding.

Greg Strakosch, TechTarget CEO, said the company will use the money to fund organic growth, acquisitions and international expansion. The company raised $70 million in venture capital funding earlier this year.

Technology Crossover Ventures and Polaris Venture Partners, both of which were already investors in the company, provided the funding. Polaris led TechTarget’s $30 million Series A round and participated in the June 2004 funding round of $70 million, in which TCV was the lead investor.

—Sean Callahan

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