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GreyStripe Raises $8.9 Million Series B

Thursday, May 24, 2007 5:00:00 AM PDT | VentureDeal Staff

SAN FRANCISCO, CA -- Mobile advertising company GreyStripe announced that it has raised $8.9 million in second round funding.

GreyStripe has developed technology to operate a mobile content delivery network that provides advertisers the ability to show ads within mobile games, at no cost to the user.

The venture round was led by Disney venture arm Steamboat Ventures, and included previous investors Monitor Ventures and Incubic Venture Capital.  The company said it intends to use the funding proceeds on sales and partnerships with companies in Europe and Asia.

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