Extreme Reach raises funding - Needham, MA

Extreme Reach, a Needham-based provider of software for managing video advertising, announced its official launch on Tuesday and disclosed that it has raised its first round of venture capital, which came from Village Ventures and Long River Ventures. The investment reportedly totaled $1.5 million. Extreme Reach provides a video advertising management platform that connects advertisers and agencies with thousands of media destinations and allows them to manage, deliver and track their campaigns across TV, web, and mobile networks. The company was founded by a group of former FastChannel executives.

http://www.extremereach.com