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Modiv Checks Out $1.2 Million

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. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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