Mountain View, Calif. – Rhythm NewMedia, the operator of a
premium mobile video ad network, has raised $10 million in its third round of
funding, led by QuestMark Partners.
Previous backers LightSpeed Venture Partners,
Morgenthaler Ventures and Rembrandt Venture Partners also participated.
in 2005, Mountain View, Calif.-based Rhythm NewMedia serves clients including
CBS, Fox, Best Buy and FedEx, distributing video ads for them to Apple and
Android mobile devices.
The company has now raised $37 million to date.