Foundry Group leads Lijit's Series C

Blog and social networking search engine developer Lijit Networks Inc. Tuesday said it has raised a $7.1 million third round led by the Foundry Group. Returning investors Boulder Ventures and High Country Venture's Colorado Fund I also participated.

The round follows a $3.3 million Series B in June last year and a $900,000 first round. The two-year-old company, originally known as Outfoxed, offers a browser widget that enables users to search a particular blogger's Web site, bookmarks, blogroll and related media. Lijit said it plans to launch an ad network in addition to its search tool. - Olaf de Senerpont Domis

See Aug. 12 press release on funding from Lijit
See Aug. 12 post on funding from the Lijit blog

For more, see VentureBeat

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