Burstly Raises $5.5M More

Los Angeles-based Burstly, the mobile advertising startup headed by Evan Rifkin, has raised $5.5M in a Series B round, according to the company. The round came from GRP Partners, Rincon Venture Partners, and SoftBank. Rifkin is the former founder of Tagworld. Burstly first opened up its service in October of last year; the firm raised $1.8M in March of 2010. More information »