Rhythm New Media Receives $10,000,000 Series C Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5b3313e7-a825-41c8-b2d6-a7b996dad979&Preview=1
Date
11/11/2010
Company Name
Rhythm New Media
Mailing Address
800 West El Camino Real Mountain View, CA 94040-2573
Company Description
Rhythm is a company enabling ad-supported mobile media, end-to-end. Rhythm’s solution is designed to support advertising on mobile video, WAP/HTML, mobile search, and mobile messaging. Rhythm’s technology enables advertising that has broad reach, sharp targeting and precise frequency management. Rhythm automates key business processes and enables measurement and reporting to each member of the mobile advertising value chain.
Website
http://www.rhythmnewmedia.com
Transaction Type
Venture Equity
Transaction Amount
$10,000,000
Transaction Round
Series C
Proceeds Purposes
Rhythm will use the funds to further fuel the rapid expansion of its mobile video ad network as demand for mobile video is growing sharply.
M&A Terms
Venture Investor
Questmark Partners
Venture Investor
Lightspeed Venture Partners
Venture Investor
Morgenthaler Ventures
Venture Investor
Rembrandt Venture Partners