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Singapore Backs ScanScout in $8.5M B Round

ScanScout, a Boston-based provider of in-stream online video ads, said it has completed its $8.5 million Series B round of venture capital with an investment from EDB Investments, a firm that invests on behalf of the government of Singapore. ScanScout is also establishing an office in Singapore as part its expansion into the Asian market. The firm’s previous investors include General Catalyst Partners, Time Warner (NYSE:TWX), First Round Capital, and Baseline Ventures, according to its website.

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.

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