Tremor Media Gets $18 Million in Venture Capital

Feb 19, 2009  •  Post A Comment

Bucking the bad economic news, online video ad network Tremor Media landed $18 million in venture funding in a round led by Meritech Capital Partners, with participation from Tremor Media’s existing investors.
The cash represents the third round of funding for Tremor Media, which has said it expects to turn a profit this year and that it will see revenue increases north of 45% compared to last year.
The money is earmarked for building out the company’s ad network and ramping up investments in advanced video technologies.
This year is likely to be a make-or-break one for many online video companies. They’ll either need additional funding, as Tremor has snagged, or will need to turn a profit to stay in business.


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