TidalTV Gets $8.9 Million for Video Ad NetworkAuthored by Mark Hefflinger on October 15, 2009 - 8:10am.
Baltimore - TidalTV, an online video ad network founded by
Advertising.com co-founder Scott Ferber, has raised the first $8.9 million of a
planned $16 million round of funding, according to documents filed with the
Securities and Exchange Commission (SEC).
The Baltimore-based company, which in early 2008 raised $15 million in its first round of funding, co-led by New Enterprise Associates (NEA) and Valhalla Partners, has yet to reveal the participants in the latest round. TidalTV has content deals in place with programming providers such as NBC News, MSNBC, Scripps Networks, TV Guide Network, The Weather Channel, Vogue.TV and Sports Illustrated.
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