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Leading Web Advertisers Secures $5 Million In SECOND ROUND Financing
The Internet's Most Comprehensive Web Advertising Information Resource Receives Investment from Coqui Capital Partners, FdG, Milestone Venture Partners and Spinner Global Technology Fund NEW YORK, NY (April 5, 2001) -- Leading Web Advertisers, an online advertising competitive intelligence service delivering the largest scope of monitoring in its field, today announced it has closed a second round of venture capital financing led by Coqui Capital Partners, FdG, Milestone Venture Partners and Spinner Global Technology Fund. Under the agreement, the company will utilize the funds in the areas of global expansion, product development and marketing. "We are thrilled by the support we have received from the investment community," said LWA co-CEO Michael Kubin. "This second round of financing is comprised of both new investors as well as a healthy number of first round shareholders who like the growth we have experienced and have continued to stand behind LWA." Headquartered in New York City, LWA's proprietary ad-monitoring products provide tools for both buyers and sellers of Web advertising to more efficiently and effectively manage their competitive Web environment. LWA gives subscribers accurate, near- real-time access to the most complete database of competitive advertisement details in the industry. Spidering over 4,000 U.S. and International Web sites and 45,000+ unique URL's every day, LWA offers 24-hour online access to advertising details that encompass 80,000+ brands spanning all categories, including financial, health care, computers, sporting goods, toys, books, travel, women and more. In Fall of 2000, LWA became the first in the industry to offers subscribers real time access to advertising campaigns spanning all categories on the AOL propriety site as well as AOL.com. "Leading Web Advertisers's proprietary technology addresses an increasingly complex as well as labor-intensive challenge for advertising, buying and selling departments -- managing critical advertising information across the World Wide Web," noted Art Spinner, founder of Spinner Global Technology Fund. "However, it was LWA's impressive management team and established client roster which played the most integral part in our decision to finance the company."
About Coqui Capital Partners
About FdG Associates
About Milestone Venture Partners
About Spinner Global Technology
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