Web Video Ad Platform FreeWheel Secures $12 Million

Authored by Mark Hefflinger on April 30, 2009 - 7:33am.

San Mateo, Calif. - FreeWheel, the provider of a Web video advertising platform, announced on Thursday that it has raised $12 million in its third round of funding, led by Foundation Capital and Battery Ventures.

San Mateo, Calif.-based FreeWheel said it has signed 15 content providers and 15 ad networks and distribution partners over the past year.

Partners include Joost, Vudu, Sling, VideoEgg, Blip.tv, Veoh Fancast and CBS Television Distribution.

http://www.freewheel.tv