Rocket Fuel Raises $10M

Redwood Shores-based Rocket Fuel, a developer of advertising targeting technology, said Wednesday that it has raised $10M in a Series B funding round. The round was led by Nokia Growth Partners, and also included Northgate Capital, Mohr Davidow Ventures and Labrador Ventures. Rocket Fuel develops targeting technology for display advertising, which uses contextual, geographical, search and other data sources to better target ads. As part of the funding, Marc Theeuwes of Nokia Growth Partners joins the company's board. The firm said it now has raised $20M in total venture capital investments. More information »