Time Warner Investments is joined by Avalon Ventures and Union Square Ventures backing the US-based advertising company.
Time Warner Investments, the corporate venturing unit of the eponymous US-based media company, helped Simulmedia, a television advertising company, raise $6m on Monday last week.
Time Warner was joined in the C round by venture firms Avalon Ventures and Union Square Ventures. The deal was Simulmedia’s third round of funding and took it to $27.25m raised in total.
The company has gone from 20 to 40 employees in the last nine month and its revenue has doubled every quarter.
Rachel…
