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Print Edition StoriesScanScout Inc. has received a $5.1 million tranche, part of a funding round valued at $8.1 million, according to a document filed with federal regulatory authorities.
The round is the third for the Boston-based in-stream video ad network provider, which raised its first institutional funding in May of 2007, with a $7 million Series A round led by General Catalyst Partners. Last September, Time Warner Inc. (NYSE: TWX) joined the company’s second round of financing, the value of which remained undisclosed.
The company’s seed investors were First Round Capital, an early-stage venture capital firm with offices in Pennsylvania and San Francisco; former Google engineer Georges Harik; and Ron Conway, a California-based angel investor.
The regulatory document names Rachel Lam of Time Warner, James Rossman of Digitas Inc., David Orfao and Neil Sequeira of General Catalyst Partners, former ScanScout CEO Douglas McFarland and AOL special advisor Paul Vidich as company directors.
ScanScout was founded in 2005 by MIT classmates Waikit Lau, who is now president, and Steven Lee, who is now CTO.
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