TargetSpot Raises $8 Million From Union Square, Bain, CBS, and Milestone

Posted Jan 13, 2011

TargetSpot is the largest digital audio advertising company. TargetSpot has recently announced $8 million in equity financing from Union Square Ventures, Bain Capital Ventures, CBS Radio, and Milestone Ventures.

“TargetSpot has been a pioneer in developing the digital audio advertising market. Its early investments created the largest network of its kind, incorporating many of the leading online radio groups and pureplay music streaming companies,” stated Union Square Managing Partner Fred Wilson. “The funding will help us accelerate TargetSpot’s growth trajectory by expanding our advertising product lineup on both the web and mobile platforms.”