Foundation Capital leads $70 mln funding round in AdRoll

Foundation Capital has led a $70 million funding round in ad tech company AdRoll. New investors in the company include Institutional Venture Partners, Northgate Capital, Performance Equity and Glenmede. Existing investors in AdRoll include Merus Capital, Accel Partners and Peter Thiel. Eric Liaw of IVP will join AdRoll's board of directors as a board observer. The company formerly raised a total of $19 million prior to this funding round.

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