Monday, April 26, 2010

FreeWheel Raises $16.8M

San Mateo-based FreeWheel, a developer of technology used by media companies to manage their advertising inventory and sales for video ads, said today that it has raised $16.8M in a strategic funding round. The round was led by Steamboat Ventures, and also included Turner Broadcasting System, Inc., Battery Ventures, and Foundation Capital. The firm said the funding would go to scale its infrastructure. More information »