Los Angeles - Ripe Digital Entertainment, a producer and aggregator of programming for on-demand platforms and developer of digital advertising, announced that it has raised $32 million in its second round of venture capital financing. Investors in the round included Hearst-Argyle, Time Warner Investments, Columbia Capital and Rho Ventures. Los Angeles-based Ripe's on-demand networks RipeTV and Octane TV have attracted advertisers including Dodge, Cingular and Procter & Gamble. In addition to online, they are also available in 30 million Time Warner and Comcast subscribers' households. The company will use the funds to launch additional on-demand television networks, build its broadband and mobile strategy, and accelerate its development of measurable advertising and compelling programming.
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