Travel Ad Network, which, as its name implies, runs a travel-focused ad network, has raised $15 million in a third round of funding. The company says its ad network encompasses more than 300 “reputable” travel sites, including Lonely Planet, Let’s Go, and Hawaii.com, which reach more than 20 million unique visitors in the U.S. each month. That puts it behind only Expedia in terms of reach in the online travel category.
In a release, Travel Ad Network says its revenue has increased 30 percent over the last year, although it doesn’t disclose the total.
The new round brings the company’s total funding to $31 million. The company had previously raised a $15 million round two-and-a-half years ago. This round was led by StarVest Partners; existing backers Rho Venture and Village Ventures also participated.