Adconion Media Group, based in Toronto, has raised $80 million in capital from European venture capital firms to expand its online advertising network in North America and Asia.
Capital to finance expansion is coming from a new investor Index Ventures and a prior investor Wellington Partners, which both have offices in London.
Adconion recently assembled a North American management team to expand beyond its existing operations in Europe and Australia. Its current operations reportedly reach 200 million unique Internet users worldwide through Web sites in various markets.
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