Image Licensing Network GumGum Grabs $2.6 Million And Is Growing Fast

Image licensing network GumGum has raised $2.6 million in and extended Series A funding round led by GRP Venture Partners with First Round Capital participating. This brings GumGum's total funding to close to $4 million. GumGum has been seeing fast growth since its launch last year. Measured as an advertising network (but for images), GumGum became a Quantcast Top 100 site, reaching 13.7 million people in the U.S. and 23.5 million worldwide in February. Currently, GumGum reaches 29.8 million people in the U.S. and 50 million people worldwide, according to Quantcast's lastest stats. More than 2,000 Web publishers license images through GumGum, which allows them to pay based on how many people see the image or use them for free with embedded advertising.