Looks like the execs at RippleTV were able to squeeze a little more cash out of some investors today, to the tune of about USD 4 million dollars – imagine I’m saying this like Dr. Evil in the Austin Powers Movie !!!
RippleTV say they are doing pretty well, still growing and that 2008 was their strongest year to date.
Mind you we figure that this will have been the third time this company has gone back to the ‘money well’ – In January 2007 they raised USD 5 million and again in July 2007, they raised another USD 10 Million from the same venture capital funding firms of Draper Fisher Jurvetson & Trinity Ventures.
About Ripple TV
Launched in 2006 with offices in El Segundo, CA and New York City, Ripple TV is a network of screens located in specialty retail locations, featuring content that informs, entertains and connects people to their world. With locations in the top 15 markets, Ripple TV’s rapidly expanding network currently reaches an audience of nearly 10 million consumers every month. Ripple TV creates an ideal advertising platform by pairing compelling content with highly targeted messaging. Major national advertisers and local businesses can take advantage of Ripple TV’s geo-targeting capabilities and easily get their ads out anywhere on the network. Advertisers reach the right consumer at the right time, engaging a coveted, hard to reach demographic, in a unique position to take action on their message. The company’s current distribution partners include Borders, Einstein Bros. Bagels, Gelson’s, Juice it Up!, Robeks, The Coffee Bean & Tea Leaf and Tully’s Coffee. Ripple TV’s media partners include The New York Times, CBS, Yahoo! E! Entertainment and Eventful, among others.