Chevy Chase, Md. – New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, said it has co-led a new $6 million round of funding for Compass Labs, the Silicon Valley-based developer of a social media advertising platform.

Presidio Ventures also co-led the round, which the company will use to further develop its core CLIQ platform, as well as bolster sales and marketing efforts and expand into international markets.

“This new area of social media intelligence will introduce new players, new data sets and new customer behavior metrics,” said co-founder and CEO Dilip Venkatachari. “This funding will help us stay one step ahead of these changes.”

This article was also published in Potomac Tech Wire.

Related links:

Photo by Flickr user 401K, used under Creative Commons license