Rhythm New Media Gets $10 Million
Gail Chiasson, North American Editor
Mountain View, Calififornia-based Rhythm NewMedia, which operates a premium mobile video ad network, has raised $10 million in its third round of funding, led by QuestMark Partners Baltimore.
Previous backers LightSpeed Venture Partners, Morgenthaler Ventures and Rembrandt Venture Partners, all located in Menlo Park, California, also participated. The company has now raised $37 million to date.
Founded in 2005, Rhythm NewMedia’s clients include: CBS, Fox, Best Buy and FedEx, distributing video ads for them for Apple and Android mobile devices.