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AdSpace Networks Nets $8 Million Venture Capital

Monday, March 16, 2009 5:30:00 AM PDT | VentureDeal Staff

New York, New York  --  Media company AdSpace Networks has secured $8 million in its series F round of institutional venture capital financing.

AdSpace provides consumer content and advertising messages in a constantly repeating six minute programming loop, delivered in a shopping mall environment.

Investors in the round included AIG Highstar Capital, Steelpoint Capital Partners, DCM - Doll Capital Management, The Walnut Group, Tysoe Group and other undisclosed investors. The company did not disclose how the funding proceeds would be used.

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