IndoorDirect Raises $22.5M

Dallas-based IndoorDirect, which operates an out-of-home, digital media business for fast food and casual dining chains, has scored $22.5M in a Series B funding round, according to investment banker Challenger Capital Group. According to Challenger Capital, the round was led by Syncom Venture Partners, and also included Northwood Ventures and Poseidon Enterprises. Challenger said the new funding will go to fund a "mass rollout" of Indoor Direct's network. Challenger is also based in Dallas. More information »