Hearst Interactive Invests $5M In Mobile Ad Startup Nexage

Nexage, a startup offering a real-time bidding platform for mobile ads, just announced that it has raised an additional $5 million from Hearst Interactive Media. Nexage CEO Ernie Cormier says this is a last-minute addition to the the $10 million Series B that the company announced in June, bringing the round's total size to $15 million. The funding should help Nexage build its connections in the digital media world, with Hearst Interactive Vice President Darcy Frisch joining the company's board of directors.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/SyX3Y63FXtM/

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