NextMedium Raises $6M

Los Angeles-based NextMedium, a firm developing software for the advertising industry around audience measurement and media planning, has raised $6M in a Series B round. The round was led by Bessemer Venture Partners, and also included Series A investors Ascend Venture Group and Globespan Capital Partners. NextMedium's platform provide product placement and advertising management. David Cowan of Bessemer Venture Partner joins the company's board of directors as part of the funding. More information »