Exclusive: Simulmedia Raises $9M for TV Ad Platform

Simulmedia, the media marketing firm founded by ad veteran Dave Morgan, just raised a $9.25 million round of financing, according to an SEC filing. The company, which uses set-top box data to target TV ads to users, has now raised more than $20 million.

Time Warner Invests in TV Marketer Simulmedia

Simulmedia, the media marketing company founded by marketing veteran Dave Morgan, has raised an $8 million Series B round of financing led by Time Warner Investments (s GE). The funding round also includes existing investors Avalon Ventures and Union Square Ventures, which led Simulmedia’s $4 million Series A round raised in March 2009.
Founder Dave Morgan is a veteran of the advertising and marketing space, having founded Tacoda (which was bought by AOL (s AOL) in 2007) and Real Media. With his new firm, Simulmedia, Morgan aims to help TV programmers increase their ability to build audiences through smarter marketing based on anonymous viewing data and a proprietary predictive technology platform. By analyzing this data, Simulmedia believes it can more effectively deliver on-air promotions to viewers, thereby providing more viewers than TV programmers can through their own ad campaigns. Read More about Time Warner Invests in TV Marketer Simulmedia

Media-related Venture Activity Is in Bloom in NYC

New York is the capital of media, advertising, and finance, but historically Silicon Valley and Boston have overshadowed New York’s efforts to encourage and fund technology entrepreneurs. In the past two years, this has changed, especially when it comes to media-related ventures.