Spot Runner Takes $51M

Los Angeles-based Spot Runner, a provider of technology for helping to place television advertisements, said this morning that it has raised new investments worth $51M. The investment came from a group of investors that includes the Daily Mail and General Trust (DMGT), Grupo Televisa, Legg Mason Capital Management, and Groupe Arnault/LVMH. Existing investors in the firm also participated in the funding. According to the firm, the funding will help the firm accelerate its momentum as it expands into both online and offline media domestically and abroad. Spot Runner's prior investors include Allen & Company, Battery Ventures, Capital Research and Management, CBS, Index Ventures, The Interpublic Group, Tudor Investment Corporation and WPP. More information »