• March 4, 2008

Adconion Media Group, the global independent online advertising network,has closed an $80 million Series C round of funding led by Index Ventures and existing investor Wellington Partners.

Three-year-old Adconion, which has operations throughout Europe and Australia, has established operations in three North American markets. An undisclosed minority percentage of the total capital raised during this round will fund Adconion's continued global expansion throughout North America and Asia.

Adconion's clients consist of advertising agencies and direct advertisers as well as its partner base of premium Web sites from a wide range of sectors.

--Tanya Irwin