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TargetCast Networks Raises $6.5 Million Second Round

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Digital out-of-home ad shop TargetCast Networks has raised $6.5 million in a second round funding from Claremont Creek Ventures and Draper Fisher Jurvetson. The San Ramon, CA.-based company previously raised $6.3 million in its first round, which as led by Claremont Creek exactly two years ago. So with this round, the company’s total funding stands at $12.8 million. TargetCast Networks recently acquired digital out-of-home ad net Ripple TV. This latest funding will go towards general expansion efforts, such as building up the company’s sales team. Release

Sep 30, 2009 10:17 AM ET

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Posted In: Advertising, Money, M&A & Venture Capital, Venture Capital

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