RESTON, Va. – LucidMedia (www.lucidmedia.com), the online display advertising network and media management platform, announced that it has been selected from among hundreds of candidates to present at the this year’s Mid-Atlantic Venture Association (MAVA) Capital Connection™ venture and private equity conference. Ajay Sravanapudi, LucidMedia’s President and CEO, will be presenting an overview of the company’s unique business model, inventory aggregation strategy, and extraordinary progress since the launch of their contextual network.
Capital Connection, one of the nation’s premier venture and private equity conferences, is presented by MAVA in Washington, DC. This invitation-only event brings over 800 attendees from throughout the United States together with the same objective of building and investing in the region’s most promising companies. The conference employs a rigorous approach in recruiting; selecting and vetting companies to ensure the most exciting field of enterprises and investment opportunities in the mid-Atlantic region are showcased. Historically, 35-50 percent of earlier-stage companies at Capital Connection have attracted funding less than one year after presenting, a reflection of the caliber of companies chosen by the selection committee of investors.
“We are honored to be a part of this prestigious venture capital event,” said Ajay Sravanapudi, one of the original founders of LucidMedia. “As one of the presenting companies at this year’s Capital Connection conference we will have a great opportunity to showcase not only our unique online advertising industry solution but also our extensive progress on the business model. We are seeing that our successful track record, especially considering how recently we launched our network, and our plans for growth are resonating well within the investor community.”
“It’s been an outstanding experience for all of us on the Selection Committee to participate in selecting the early and expansion stage companies to present at MAVA’s Capital Connection ’09,” said Steve Fredrick, Grotech Ventures, one of the four committee co-chairs. “There is a wide range of technology solutions and products that these companies have developed that will be of interest to a broad spectrum of investors and potential partners. The quality and experience of the management teams were also important factors in the decision-making process.”
Capital Connection is one of the nation’s most successful and influential private investor events. Over the years, Capital Connection conferences have helped to shape the region’s entrepreneurial economy, generating more than $2.9 billion of venture investments in the presenting companies during their first year after participating. More than 200 high tech companies, representing combined equipment and services buying power of more than $1 billion, are typically in attendance at the event. MAVA represents private equity and venture capital firms with investment interests in the mid-Atlantic and beyond, entrepreneurs, and their strategic partners. MAVA provides a wide range of programs, information and forums designed to stimulate revenue and company growth, facilitate quality deal flow, encourage collaboration, and foster relationships among entrepreneurs, investors, strategic partners and customers. Membership includes more than 500 venture capital professionals representing nearly 125 firms with collectively more than $100 billion in capital under management. For more information, please visit www.mava.org.
About LucidMedia
LucidMedia (www.lucidmedia.com) is an online display advertising network and media management platform focused on optimizing performance at the page-level for interactive agencies and agency digital initiatives. The company’s patented ClickSense® contextual advertising and targeting engine empowers advertisers to reach new levels of insight, safety, and cost-efficiency in their online advertising campaigns. LucidMedia categorizes traffic from many of the Web’s most respected networks and exchanges in both English and Spanish, providing advertisers with a way to more effectively target online advertising inventory and increase their return-on-spend. Today, many of the world’s largest interactive agencies, online advertisers, and ad networks are leveraging LucidMedia’s network and technology platform to drive increased revenue.
