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Vidly, Formerly TwitVid, Raises $500K

Wade Roush 8/29/09

San Francisco-based Vidly, which helps users to share videos over social media services such as Twitter, announced yesterday that it has raised $500,000 in funding from renowned angel investor Ron Conway and other investors. The startup, launched in 2008 in Cambridge, MA, through the Y Combinator startup training program, recently changed its name from TwitVid.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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