New York – TargetSpot, the provider of a digital audio
advertising network, announced on Wednesday that it has raised $8 million in
Investors included Union Square Ventures, Bain Capital Ventures,
CBS Radio and Milestone Venture Partners.
New York-based TargetSpot offers both
self-service and sales-supported services for audio, display and pre-roll video
Distribution partners include investor CBS Radio, AOL Radio,
Entercom, Live 365, Yahoo Music and MySpace Music.
The company will use the
funds for additional product development, network expansion and to grow its
national sales force.