isocket Raises $2 Million Series A With Some Big Names

isocket, an open ad platform, is announcing a Series A round of financing led by Tim Draper at Draper Fisher Jurvetson. Also joining the round was David Blumberg of Blumberg Capital, Jeff Clavier of SoftTech VC, and Dave McClure of Founders Fund Angel. David Hirsch, a former head of Google advertising sales, invested from NYC-based Metamorphic Ventures. Steve Gurasich, the Co-Founder and CEO of Austin based ad agency GSD&M Idea City, invested along with additional Angels.

Additional investors include David Cohen of TechStars in Colorado, Quest Venture Partners, Accelerator Ventures, and Plug & Play / Amidzad.

isocket is an early stage startup in limited, invitation-only beta testing. It went live in May 2009 via a launch program with TechCrunch. The company has been pretty quiet about product details or plans outside of what’s available in their private beta. isocket does not charge a commission on in-network transactions, instead favoring flat monthly fees that are saving publishers an average of thousands of dollars per month over their competitors. John Ramey, Founder and CEO, says they are bringing the “principles of the open web to the historically closed ad market” via their platform and business model.

isocket plans on using this funding to expand their team and bring their platform to the public.

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