Tremor Video, a New York-based online video advertising network which is backed by corporate venturing unit SAP Ventures and Time Warner Investments, has filed for an $86.25m IPO.
In September 2011, Tremor raised $37m in its series E round from a consortium including the corporate venturing units of local media group Time Warner and Germany-based software provider SAP.
Secondaries venture capital firm W Capital Partners led the round, which included Time Warner Investments and SAP Ventures, and took Tremor’s total to $115m.
The other consortium members included VC peers Keating Capital, Canaan, DFJ Growth, General Catalyst Partners and Meritech Capital Partners, as well as Singapore state-backed EDBI.
In April 2010, Tremor raised $40m in its fourth funding round from DFJ Growth, Canaan Partners, Meritech Capital Partners and SAP Ventures.
Tremor plans to trade on the NYSE under ticker symbol TRMR, with Credit Suisse and Jefferies serving as lead underwriters.