Ripple Announces Partnership with Jack in the Box; $10 Million Funding Round
7/9/07 – El Segundo-based Ripple, which delivers hyper-local content on flat screen panels in public locations, today announced a major new partnership that will allow company-operated Jack in the Box restaurants to broadcast entertainment, breaking news and sports, and relevant local information to its customers. Ripple also announced it has secured $10 million in a series B funding round, led by Draper Fisher Jurvetson.
Ripple says it and Jack in the Box have created a custom network to serve top branded news, entertainment, weather and sports content tailored specifically for Jack in the Box customers across different locales. The program will include two high-definition LCD screens in each restaurant.
In addition to the $10 million in funding, Ripple announced the appointment of John Fisher, co-founder and managing director of Draper Fisher Jurvetson, to the company’s board of directors. Past investor Trinity Ventures also participated in this round.Ripple, founded in 2004, claims it already reaches nearly 10 million individuals a month in more than 600 retail locations throughout California, Nevada, Arizona, Washington and Hawaii, and plans to use the funding to help further expand its footprint.
Ripple – www.rippletv.com
Jack in the Box Inc. – www.jackinthebox.com
Draper Fisher Jurvetson – www.dfj.com
