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SpecificMedia Raises $5.3M

socalTECH

Irvine-based Specific Media , which operates an Internet advertising network, has issued $5.3M It's unclear if the new equity comes as funding from the firm's investors, or if the new equity might be related to the firm's acquisition earlier in October of Broadband Enterprise (BBE), an online video advertising company.

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Southern California Investments On Uptick, Totals $686.5M For Q1

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Media and Entertainment was at $55.5M in investments, IT services--which includes many online advertising firms--was at $35.15M in investments. Other major areas of investment were Medical Devices and Equipment, with $131.46M in investments and Biotechnology, with $77.6M.