Simulmedia, a targeted television advertising company, has raised $25m series D finance led by hedge fund Valiant Capital and backed by investors including Time Warner, aiming to profit from the internet's disruption of the TV ad market.
Simulmedia, a television advertising company which deploys a TV audience database and internet methodologies to sell targetted ads, has closed a $25m series D funding round led by new investor, US hedge fund Valiant Capital. Also participating in the financing round were: Time Warner Investments, the strategic investment arm of US-based media company Time Warner; R&R Venture Partners, a new investment firm co-founded by former Time Warner chief executive officer (CEO) Richard Parsons and US businessman Ronald Lauder; Avalon Ventures,…
