Portland-based Janrain confirmed that it raised $33 million in new investment, one of the biggest Oregon venture capital rounds ever.
Janrain's technology taps social media profiles to help websites and marketers target their message and products. Sales "more than doubled" last year, according to the company and Janrain said it expects even faster growth in 2013.
Today's massive deal, which closed just before the end of the year, is more than twice the size of any venture investment announced in Oregon during 2012. It underscores the big opportunities that investors see in social media.
Read more at OregonLive.com.