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Connexity Gets $2M In Credit Line

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Ventura-based Connexity , a developer of Internet advertising and targeting technology, announced today that it has secured $2M in a debt financing. Gross was the co-founder of Fastclick, which he took IPO in 2005, and was eventually sold to ValueClick. The financing came from Silicon Valley Bank. READ MORE>>.

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Connexity, Headed By Dave Gross, Finds $3M More

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Connexity the online advertising startup headed by former Fastclick co-founder Dave Gross, announced this morning that it has raised $3M in a seed funding round. The company uses advertising to recommend products and services to users, based on individual interests and what it is calling "audience graph analysis." READ MORE>>.

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Local.com Names New COO

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Sawtell was SVP and GM of the firm's Sales and Advertiser Services business unit, and also has been President and COO from 2000 to 2005. Sawtell replaces Bruce Crair, who the firm said is leaving the firm to pursue other opportunities. Sawtell recently re-joined Local.com after serving as founder and CEO of DigitalPost Interactive.

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Hydra Signs Meteor Games

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Beverly Hills-based CPA advertising network operator Hydra announced today that it has signed an exclusive deal with Hollywood-based Meteor Games , to help the social gaming firm sign up new players, and to also extend out its ad inventory. Glendale-based Neopets was sold to MTV in 2005 for $160M. READ MORE>>.

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Connexity, Headed by FastClick's Dave Gross, Gets Seed Funding

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Camarillo-based Connexity , a new Internet advertising firm headed by former Fastclick CEO Dave Gross, said today that it has raised a seed funding round. Connexity said that it is integrating social networking and recommendation engine technology into its advertising technology. Amount of the round was not announced. READ MORE>>.

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Local Corporation Names Sawtell President

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Irvine-based Local Corporation , the online local advertising and directory publisher, said this morning that it has promoted Chief Operating Officer Michael Sawtell, to President and COO. Sawtell is a Local.com vet, having been president and COO of the firm between 2000 and 2005. Sawtell has been COO since May.

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ValueClick Sells Web Clients Business

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Westlake Village-based web advertising firm ValueClick said late Monday that it has divested its Web Clients promotional lead generation business. ValueClick acquired its Web Clients business in 2005 for approximately $141M. Name of the buyer was not disclosed. READ MORE>>.

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