Mobile Video Firm Transpera Adds $2 Million In Funding
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Transpera, the mobile video delivery tech firm and ad network, has raised $2 million worth of a $5 million third round of funding, per an SEC filing. Transpera has raised over $10.2 million in funding, the bulk of which came in its second round in 2008.
SEE ALSO: Federated Media COO Weisberger Leaves; Joins Mobile Video Company Transpera
Founded in 2007, Transpera’s previous backers include Flybridge Capital Partners, Intel (NSDQ: INTC) Capital and First Round Capital. The company did not respond to a request for confirmation.
Media companies including CBS Interactive (NYSE: CBS), Disney (NYSE: DIS), MTVN (NYSE: VIA) and Showtime currently use Transpera’s mobile video delivery and ad platform to monetize their mobile content. Chairman and CEO Frank Barbieri said mobile video CPMs were hovering in the $30 to $40 range last year.
Posted In: Advertising, Mobile, Money, M&A & Venture Capital, Venture Capital, Technologies / Formats, transpera
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