SpecificMedia Raises $5.3M

Irvine-based Specific Media, which operates an Internet advertising network, has issued $5.3M in equity, according to a regulatory filing by the firm this week. According to the filing, the new equity came on October 27th. It's unclear if the new equity comes as funding from the firm's investors, or if the new equity might be related to the firm's acquisition earlier in October of Broadband Enterprise (BBE), an online video advertising company. Specific Media is headed by Tim Vanderhook, and has previously raised funding from Enterprise Partners, Francisco Partners, and Shepherd Ventures. More information »