Tremor Media, an ad network I’ve been following for quite a while, has raised an astounding $18 million (particularly in this very negative business climate). The round is their Series C, and is from Canaan Partners, Masthead Venture Partners, and European Founders Fund.
Seeking funding overseas was described as a ‘strategic move’ in an interview Beet.tv’s Andy Plesser did with Tremor’s CEO Jason Glickman.
The goal is, apparently, to partner up with savvy partners in the EU to get a better grasp on the market there and build up their presence as well as they have in the US.
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