One True Media Raising $10M

onetruemediaOne True Media has raised $8 million of a $10 million second round of funding, including $2 million in convertible notes, peHUB reported this morning, based on information from a regulatory filing. The investment came from DAG Ventures and Kleiner Perkins. Kleiner Perkins had previously provided $5 million in Series A funding in June 2006.

The Redwood City, Calif.-based company, which provides personal video- and photo-sharing tools similar to Slide.com as well as physical products like DVDs, declined comment on the investment round. Earlier this year, One True Media introduced a separate business, called SpotMixer, that offers self-serve online video ad creation for small businesses. It later scored a deal to be promoted within Google’s TV advertising setup process.

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