AdReady lands $10 million for expansion – Startup helps companies cut cost of online ads

Some heavyweight investors are lining up behind AdReady http://www.adready.com/ , the Seattle startup that is trying to make it easier to place display advertising on Web sites. Bain Capital, Khosla Ventures and existing investor Madrona Venture Group are pumping $10 million into the company, cash that it will use to increase marketing and hire new employees.

Founded last year by former Classmates.com executives, the 33-person company plans to end next year with 50 to 60 employees, Chief Executive Aaron Finn said.

By JOHN COOK
P-I REPORTER

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