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Lightningcast Scores Second Round

Lightningcast Scores Second Round

Lightningcast, a streaming media ad insertion company, has secured a second round of funding from Nokia Venture Partners, Redleaf Group Inc., and Birchmere Ventures The second round of funding totals $15.5 million and follows an initial $4.7 million financing last March from Redleaf Group Inc., and Birchmere Ventures.
Nokia predicts that there will be more Web-connected mobile handsets than PCs in the world as early as 2002.
Lightningcast software is compatible with may wireless audio/video devices, according to Tom Kenney, Principal, Nokia Venture Partners.