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Adspace Raises $20 Million

Adspace Networks Inc., a New York-based operator of an in-mall digital video advertising network, has raised $20 million in Series E funding co-led by The Walnut Group and The Hauser, Davis & Tysoe Group. Return backers include AIG, Steelpoint Capital, DCM and GIC Investments. AdSpace has raised around $63 million in total VC funding since its 1998 inception.