Progress Secures $8.4 million for Online Media Firm

Boston Business Journal

Progress Partners, Inc. said Monday it secured $8.4 million in funding for Tremor Media, an online advertising firm.

Progress, a Boston investment bank, focuses on raising private equity money for new and emerging companies.

The recent funding arranged for New York-based Tremor Media was led by Masthead Venture Partners of Cambridge and Canaan Partners, based in Menlo Park, Calif.