Online video ad network SpotXchange said it received its first round of angel funding.
The company did not disclose the amount, but it said investors include Alex Bogusky, chief creative officer, Crispin Porter + Bogusky; Laurence Chang, former portfolio manager, Janus Worldwide Fund; Tim Hudner, former chief operations and chief technology officer, Janus Capital Group; Mike Lu, former portfolio manager, Janus Global Technology Fund; Kent Moore, former portfolio manager, Janus Capital Group; Blaine Rollins, former portfolio manager, Janus Fund; and Claire Young, former portfolio manager, Janus Olympus Fund.
The company will use the funding to expand business development and add features. The SpotXchange platform was launched in late 2006 to help advertisers and publishers buy and sell online video ads.
SpotXchange faces competition from a range of online video ad networks such as Tremor Media, Broadband Enterprises and others.