Travel Ad Network (TAN) has closed a Series A round of financing. The $15 million round was led by Rho Ventures, Village Ventures and individual investors.

Published: 21 Apr 2008

Travel Ad Network (TAN) has closed a Series A round of financing. The $15 million round was led by Rho Ventures, Village Ventures and individual investors.

"The minority investment enables TAN to leverage its success as a vertical ad network targeting travel advertising dollars and marketers seeking upscale consumers," stated the company that delivers 12.5 million monthly unique visitors.

Cree Lawson, TAN Founder and CEO said Rho Ventures, Village Ventures and our other investors bring to the Boardroom world-class expertise in disciplines such as branded media, network development, behavioral targeting and online advertising.

Lawson said, "This has been a year of extraordinary growth and achievement for TAN. We surpassed Yahoo Travel generating the largest travel information audience online. We launched our first video advertising campaign and expanded our business to Canada and the UK. Our consistent policy of exclusive representation of the sites we represent is a classic 'win, win' for our customers and our publishers. Our focus on quality continues to serve us well, making us leaders in our field."

Habib Kairouz, Managing Partner at Rho Ventures will join TAN's Board of Directors. Also joining the TAN Board is Rho Ventures Partner Doug McCormick, former CEO of Lifetime Networks and Chairman and CEO of iVillage Inc., and Benjamin Wolin, the co-founder and CEO of Waterfront Media, the largest privately held online health company. TAN's other Board members include TAN Founder and CEO Cree Lawson; Chairman Michael H. Thomas, online travel entrepreneur and investor since 1996; and COO Brian Silver, an online advertising veteran with experience at Didit Search Marketing, IAC Advertising Solutions, AskJeeves, iWon and MaxOnline.