Hanger Network Raises Series A

Hanger Network, a New York-based provider of in-home advertising via placement on hangers for dry-cleaned clothing, has raised $8 million in Series A funding co-led by Kodiak Venture Partners and Sigma Partners. Hanger Network was founded in 2004 as a partnership between Texas Pacific Group's Altivity Packaging, Paradigm Packaging (a subsidiary of The Standard Group) and Cleaner's Supply Inc., www.hangernetwork.com