AOL's Third Screen Media buy benefits a pair of smaller VCs (Tech Confidential

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AOL's Third Screen Media buy benefits a pair of smaller VCs

[Posted on May 15, 2007 - 2:51 PM]

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TD Capital Ventures and Blue Chip Venture Co. are two of the main beneficiaries of AOL's purchase of mobile phone advertising startup Third Screen Media for an undisclosed amount today. The pair injected $8 million into Third Screen Media over two rounds in 2005 and 2006. Others such as Battery Ventures passed on the prospect.

According to TD Capital Ventures' list of portfolio companies, Third Screen Media is the firm's first exit. Cincinnati-based Blue Chip Venture Company has been around longer and has had many exits including the sale of portfolio company Advertising.com to AOL in 2004 for $435 million.

To read a recent interview with Third Screen Media's CEO, see:
GigaOm

Tags: third+screen+media, aol, vc, venture+capital.

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