Lightningcast secures $15.5 million in funding

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Lightningcast (, which specializes in the insertion of targeted audio and video ads into streaming media, wrapped up its second round of funding, raising $15.5 million in a round led by Nokia Venture Partners, Redleaf Group, and Birchmere Ventures. An initial round of financing in March 2000 raised $4.7 million from Redleaf Group and Birchmere Ventures.

Copyright January 2001, Crain Communications Inc.

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