TubeMogul Collects $10M

Wade Roush10/12/10

Emeryville, CA-based TubeMogul, which runs a platform for distributing pay-per-view video ads on the Web, said last week that it has closed a $10 million Series B venture financing round. Foundation Capital was in the lead, with existing investors Trinity Ventures and Knights Bridge Capital Partners also on board. “TubeMogul brings innovative technology and expertise to the video advertising space, making them a leader in their category and an exciting company to add to our portfolio,” Foundation Capital partner Ashu Garg said in a statement.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @