Out-of-Home Digital TV Network Ripple Raises $10 Million

Authored by Mark Hefflinger on July 9, 2007 - 11:34am.

El Segundo, Calif. - Ripple Networks, an out-of-home digital TV programming and advertising network, announced on Monday that it has raised $10 million in its second round of venture capital financing, led by Draper Fisher Jurvetson.

Previous investor Trinity Ventures also participated.

Formed in 2004, El Segundo, Calif.-based Ripple says its network now reaches 10 million consumers monthly in hundreds of retail locations.

The company also announced a deal with fast food restaurant chain Jack in the Box, which will deploy Ripple's network in a majority of its over 2,000 locations.

Content partners include ESPN, E!, Yahoo and CBS.

 

Related Links:
http://tinyurl.com/2e5cts

http://www.rippletv.com

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