New York
– Tremor Media, the operator of an online video ad network, announced on Wednesday
that it has raised $40 million in a new round of funding, led by Draper Fisher
Jurvetson Growth Fund.
Also participating were DFJ, Triangle Peak Partners,
Canaan Partners, Meritech Capital Partners and SAP Ventures.
New York-based
Tremor Media said it more than doubled the size of its online ad network over
the past year, which it says now reaches 90.6% of Internet users.
The company,
which became profitable in 2009, said it will use the new funds to invest in
research and development, and to expand into other media channels.
Related Links:
http://www.tremormedia.com/about-us/news-room/press-releases/april-28-2010/
