VCs Back TargetCast, Will Fund Ad Sales Expansion
Sep 30, 2009, 9:15 AM
Digital out-of-home TV network operator TargetCast Networks this morning announced a second round of venture capital funding. The $6.5 million round from Claremont Creek Ventures and Draper Fisher Jurvetson, follows a $6.3 million round led by Claremont Creek in September 2007. TargetCast CEO Jerry Hall said the funds would be used to expand the company's advertising network and to develop strategic partnerships to sell advertising and to build an internal advertising sales team.