Simulmedia Raises $6 Million, New Round Will Help Rollout Of Targeted TV Ad Net

Simulmedia, the targeted TV ad company created by online behavioral targeting pioneer (Tacoda) Dave Morgan today announced it is poised to close on a new $6 million round from existing investors Avalon Ventures, Union Square Ventures and Time Warner Investments, to help finance the rollout of its advertising network. The round is the company's third, and combined with seed funding, totals $27.25 million raised to date.

In a statement, Morgan said the company's organization has grown to 40 from 20 employees over the past nine months, and that its revenue has doubled every quarter.

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