Crenk

It has been reported over at 901am that Adconion, an online advertising network, has secured the largest financial funding of an online media venture in European history. The investment of $80 million was led by Index Ventures, who were joined by existing investor Wellington Partners, and represents the first investment made from Index’s recently announced growth fund. Index partners’ Dominique Vidal, former CEO of Yahoo! Europe, and Giuseppe Zocco, the firm’s co-founder, will join Adconion’s board of directors.