Wednesday, January 7, 2009

One True Media Gets $9M For SpotMixer

Redwood City-based One True Media has closed on $9M in a Series B venture financing, the firm said today, saying that the funding was led by new investor DAG Ventures. The funding also included strategic investor NTT Finance, as well as more support from Kleiner Perkins Caufield & Byers. One True Media said it will use the funding to expand its video advertising service, SpotMixer, which allows advertisers to target and create video ad campaigns. Young Chung of DAG will join the firm's board along with the funding. More information »