Context Media Raises $11 Million

(sub. req.) Context Media, a Providence R.I.-based content management, integration and delivery company, has raised $11 million in a third round of funding, led by Lehman Brothers Venture Partners. Other investors include New Enterprise Associates, Adams Capital Management and Shamrock Ventures II.

Founded in 1999, the closely-held company said it will use the money to expand its sales and marketing activities. The new funding round brings the total venture capital raised to $50 million.

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