Out-of-Home Ad Network TargetCast Raises $6.5 Million

Authored by Mark Hefflinger on September 30, 2009 - 8:53am.

San Ramon, Calif. - TargetCast Networks, a provider of out-of-home digital advertising delivery services, announced on Wednesday that it has raised $6.5 million in its second round of funding, from Claremont Creek Ventures and Draper Fisher Jurvetson.

San Ramon, Calif.-based TargetCast, which last week announced its acquisition of out-of-home digital ad network Ripple TV, said the funding will be used to expand its ad network, which is comprised of digital TV screens in retail locations, as well as to cultivate strategic partnerships and build an internal ad sales team.

The company has now raised a total of $12.8 million to date.

Related Links:
http://snipurl.com/s8qaf

http://www.targetcastnetworks.com