Monday, October 30, 2006

Rhythm NewMedia Closes $18M Series B

Mountain View-based Rhythm NewMedia, a provider of mobile advertising software, said today that it has raised $18M in a Series B financing. Funding came from Carlyle Venture Partners, along with existing investors Lightspeed Venture Partners, Morgenthaler Ventures, and Rembrandt Venture Partners. Allan Thygesen of Carlyle has joined the firm's board of directors with the funding. More information »