Online Ad Spend Manager Clickable Secures $3 Million First Round Funding

Search advertising management tool firm Clickable has raised $3 million in a first round funding, PE Hub reports. The round was led by Union Square Ventures and Pequot Ventures. Monster Ventures, Schoffstall Ventures and strategic angel investors also participated.

Its software is a web-based dashboard, and lets advertisers track and analyze search ad campaign spending and performance and set up automated alerts. The NYC-based company, which is currently beta testing its product line, plans to use the funds to speed up development of its services.