New York, N.Y. - TargetSpot, a New York-based advertising marketplace specifically designed for streaming audio, has raised $8.6 million in its second round of venture capital, led by Bain Capital Ventures.

New York - TargetSpot, a provider of ad serving technology and a marketplace for advertisers and Internet broadcasters, announced on Tuesday that it has received investments from Union Square Ventures, CBS Radio and Oddcast, and named co-founder Doug Perlson as its CEO.