Mountain View, Calififornia-based Rhythm NewMedia [1], which operates a premium mobile video ad network, has raised $10 million in its third round of funding, led by QuestMark Partners [2] Baltimore.
Previous backers LightSpeed Venture Partners [3], Morgenthaler Ventures [4] and Rembrandt Venture Partners [5], 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 [6], Fox [7], Best Buy [8] and FedEx [9], distributing video ads for them for Apple and Android mobile devices.