VC, deals, funding

ATV Backs [x+1]

Wade Roush 5/30/08

Waltham, MA-based Advanced Technology Ventures is the lead investor in a $16 million financing round announced this week by [x+1], a New York City startup that provides behavioral targeting tools intended to eke more sales from Web marketing. Existing investors Hudson Venture Partners and Blue Chip Venture Company also joined the round.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.