Redwood Shores, Calif. – Rocket Fuel, a provider of display
advertising services, announced on Wednesday that it has closed a $10 million
second round of venture capital, led by Nokia Growth Partners.
Northgate Capital, and previous backers Mohr Davidow Ventures and Labrador
Ventures also participated.
Redwood Shores, Calif.-based Rocket Fuel said its
online ad network reaches over 150 million users monthly.
The company, which
has now raised a total of $20 million to date, will use the new funds to expand
its market presence.