Thursday, November 13, 2008

Transpera Takes $8.25M In Second Round

Santa Monica-based Transpera, a provider of mobile video advertising technology, announced Thursday that it has raised $8.25M in a Series B funding round. The round was led by Flybridge Capital Partners, and included new investor Labrador Ventures. Prior investors Intel Capital and First Round Capital also participated in the funding. According to Transpera, the funding also includes debt from Silicon Valley Bank. The funding will go to expand the company's product line and service customers. Transpera provides mobile video delivery and advertising for such sites as AccuWeather.com, the Associated Press, CBS, Break.com, Revision3, ManiaTV, MTV Networks, and others. In a related move, the firm said it has appointed Brian Monnin as Chief Product Officer. Monnin joins the firm from Brightcove, where he was VP of Publishing Products. The new round brings the company's total raised to $11.25M. More information »