Rocket Fuel Adds $10M

9/22/10

Redwood Shores, CA-based Rocket Fuel,which manages a targeted display-ad network for Web publishers, said today it has raised $10 million in Series B financing. The new round, which doubles the startup’s venture pot, comes from new investors Nokia Growth Partners and Northgate Capital, with existing investors Mohr Davidow Ventures and Labrador Ventures pitching in. Using the new funds, the company hopes to continue its fast growth. “We’re proud to be a company that has created jobs for more than 50 people across five states in the last two years, and we look forward to doubling both numbers by next year,” said CEO George John in a statement.

Wade Roush is a contributing editor at Xconomy. Follow @

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