CTS secures funds

World Brief

Shanghai-based CTS Media has secured $8 million in Series B funding, led by a $5 million investment by Steamboat Ventures, the venture capital arm of the Walt Disney Co.

CTS Media, or Click to See Media, is an online video advertising network operator.

Venture capital firm Draper Fisher Jurvetson co-invested in the round, along with Sequoia Capital China, which led the Series A funding. Sequoia Capital invested $2 million in CTS in 2006, the year CTS was founded.

This most recent round brings CTS’ total funding to about $11 million.

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