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In-Game Ad Net IGA Worldwide Gets $4 Million Add-On To $25 Million Second Round

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In-game ad network IGA Worldwide has raised an additional $4 million as part of its second round funding, which is now at $29 million, a rep for the company said. Investors in Translink Capital, Presidio STX, a unit of Sumitomo and Itochu. Last July, IGA raised $25 million from GE/NBCU’s Peacock Equity fund, KTB Ventures and previous investors. To date, IGA has raised roughly $46 million overall. Its first round closed at $17 million in the summer of 2006. IGA plans to use this latest funding for further global expansion efforts, particularly in Asia. Release.

Jan 24, 2008 12:30 PM ET

Posted In: Advertising, Entertainment, Games, Money, M&A & Venture Capital, Venture Capital, iga worldwide, translink capital

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