Rhythm New Media Adds $10M

11/12/10

Independent mobile ad network Rhythm NewMedia said today it has closed a $10 million third round of venture funding. QuestMark Partners was the lead investor, and existing backers Lightspeed Venture Partners, Morgenthaler Ventures, and Rembrandt Venture Partners returned for the round. The startup said it would use the funds to expand its network of premium publishers.

Wade Roush is a contributing editor at Xconomy. Follow @

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