Tremor Closes New Round: Will Fund Product Development, Solutions
Aug 26, 2009, 7:45 AM
Online video ad network Tremor Media Tuesday announced a strategic investment of an undisclosed sum from venture capital firm SAP Ventures. The company said the investment would be used to increase its video product development efforts to provide deeper technology solutions for both publishers and advertisers. Earlier this year Tremor raised an $18 million from a venture capital round earmarked to accelerate its product development and international expansion. The company has raised more than $40 million to date from investors including Meritech Capital Partners, Canaan Partners, Masthead Venture Partners, and European Founders Fund.