AdMeld raises $15m in its series C round from Time Warner Investments and venture capital firms.

Time Warner Investments, the corporate venturing division of media group Time Warner, has joined the consortium backing AdMeld, a US-based provider of online advertising services.

AdMeld has raised $15m in its series C round from Time and venture capital firms Norwest Venture Partners, Foundry Group and Spark Capital.

The company had raised $8m in its series B round in June last year from Spark and Foundry, which had provided $7m in its series A round during the previous November.