Modiv Checks Out $1.2 Million

Wade Roush7/9/09

SEC documents published online today indicate that Quincy, MA-based Modiv Media, which helps grocery stores deliver in-store digital media, has collected $1.2 million out of a planned $2.52 million financing round. The documents list Ignition Partners partner Steven Hooper and Seapoint Ventures managing partner Thomas Huseby as board members. Modiv completed an $8 million Series A round in late 2007, with participation by Ignition, Seapoint, and Oak Investment Partners.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.