Ad.ly raises $5 million

Ad.ly an advertising platform on Twitter where people get paid for tweeting about products and services from brands has raised $5 million.

According to TechCrunch, the round was led by GRP Partners with Greycroft Partners and Matt Coffin (the founder of LowerMyBills) participating.

Arnie Gullov-Singh, previously EVP of product, technology and operations at News Corp’s Fox Audience Network, is appointed as CEO and founder Sean Rad will become President.

Location: USA, Los Angeles, California

Ref: F231109-428

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