There’s still room for some funding rounds |Fernando Ipar

By fernando | January 8, 2009

There’s still room for some funding rounds

One True Media Inc., which operates SpotMixer (an online video ad company), has closed a $9: Series B round. It’s Series A had been closed in 2006 with $5:.

This is great news for the online advertising market, and it’s a good way for the startup environment to start 2009 after a grim 2008, with only six venture-backed companies going in the year.

I’m no fool, there’s still a global financial crisis going on, and competition will be hard, but good companies with a solid business model will get funded.

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