15 Sep '11, 3am

Economic Development Board invested US$37 million in a US-based online video ad network.

Singapore’s EDBI invests in video ads company Tremor September 15, 2011 by Terence LEE EDBI , the independent equity investment arm of the Singapore Economic Development Board (EDB) , has participated in a US$37 million funding round of Tremor Video , a US-based online video ad network, reported MediaPost on 12th September. The investment is led by New York City-based W Capital Partners, and other participants include: Keating Capital, Canaan Partners, Draper Fisher Jurvetson Growth, General Catalyst Partners, Meritech Capital Partners, Time Warner and SAP Ventures. Tremor is ranked the top video ad network in the US, reaching 47.1% of the US population. It turned profitable at the end of 2009, and doubled the size of its network from 2009 to 2010. EDBI is a first-time investor in Tremor, a digital media company that falls within the venture capital firm’s investment scope...

Full article: http://sgentrepreneurs.com/news-stop/2011/09/15/singapore...

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