FM Publishing Confirms Oak Investment

FM Publishing, an advertising network for online publishers, this morning announced that it has raised $50 million in Series C funding led by Oak Investment Partners.

peHUB had reported the deal on Sunday, saying that FM had raised between $40 million and $50 million at a $200 million pre-money valuation. No valuation information was provided by FM in today’s press release, except that Oak’s investment resulted in a minority ownership position.