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ImageSpan Inc. Secures $11 Million Financing from Group Led by Bertelsmann Digital Media Investments.

Publication: PR Newswire
Publication Date: 17-JUN-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Series B Funding Will Solidify ImageSpan's Leadership in Digital Content Licensing and Settlement Services

SAUSALITO, Calif., June 17 /PRNewswire/ -- ImageSpan Inc., which provides enabling infrastructure for digital content licensing, today announced that it has closed a second round financing of $11 million from a group led by Bertelsmann Digital Media Investments (BDMI), a wholly owned subsidiary of Bertelsmann AG, a leading international media company.

Existing investors Greycroft Partners, headed by Alan Patricof, and Village Ventures also participated. Additional funds came from the New York City Investment Fund, City Lights Capital Management and Ackerley Partners LLC.

The Series B financing comes as ImageSpan is launching new partnerships and rolling out its platform with major customers to extend its market leadership. ImageSpan currently provides extensive content licensing infrastructure for...

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