Clearspring Raises $18 Million

So… yeah.  Mashable has a great story on this:

Clearspring, the widget company that has broken into the advertising and distributed media realm, has raised $18 million in a Series C round of funding, led by New Enterprise Associates (NEA) and Novak Biddle Venture Partners, with existing investors also participating in the round.

Harry Weller, a partner at NEA, will be joining the Clearspring Board of Directors, as will Steve Case, co-founder of AOL, Ted Leonsis, AOLs Vice Chairman Emeritus (who is now Clearspring’s Chairman), Miles Gilburne, and Nigel Morris, co-founder of Capital One, who also has a great deal of experience in helping companies go public. That’s a lot of new board members to go along with the hefty round of funding, and a pretty powerful set of newcomers.

Check out the entire article at Mashable, “Clearspring Gets $18M to Make Smarter Widget Ads.”