Simulmedia, a US-based television advertising company backed by Time Warner Investments, the corporate venturing unit of the eponymous US-based media company, has raised another $5m of a planned $6m round, according to a regulatory filing first seen by news provider TechCrunch.
In May, Time Warner Investments, which has its head, Rachel Lam, on its portfolio company’s board, helped Simulmedia raise $6m in its series C round.
Time Warner was joined in the C round by venture firms Avalon Ventures and Union Square Ventures, with all three providing the latest $5m, according to TechCrunch.
Simulmedia has now raised about $32.5m in total.