Online Ad Provider Go Internet Media Gets $10 Million First Round

Ad network and online marketing company Go Internet Media has secured a $10 million first round of financing from U.K.-based PE Firm Kennet Partners. Internet Media runs lead-generation portals (like Free Education Guide) in the secondary ed space, as well as a cost-per-action (CPA) ad network. The Santa Clara, CA-based firm will use the funds to help grow its sales team; and since it doesn’t operate a pure-play, CPM-based ad network, Internet Media may be sheltered from the plummeting display ad rates that have been forecast for this year. Release.


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