DAC Lands USD 45m VC Funding

China Business News, 11/18/08

Out-of-home display operator Dynamic Advertising Channels Holding Ltd（DAC）has obtained USD 45 mln of fourth round funding led by investors including International Data Group (IDG). Previously, the company had received funding from such investors as AsiaVest Partners and Intel, including a third round of funding worth USD 35 mln.

The company currently has media terminal coverage in 24 first-tier city airports, nearly 350 colleges and universities, approximately 200 golf courses, and in a portion of first-tier movie theaters.

DAC has not revealed details about how it plans to use the latest round of funds.

Keywords: fourth-round digital media advertising AsiaVest Dynamic Advertising Channels funding IDG Intel out-of-home display television VC

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