Blip Garners $12,000,000 New Round

  • Feed Type
  • Date
    2/8/2012
  • Company Name
    Blip
  • Mailing Address
    407 Broome St. Fifth Floor New York, NY 10013
  • Company Description
    We believe that the world is fundamentally changing as it becomes easier and easier for individuals and small groups of people to create their own video. Our mission is to make this even easier by taking care of all the problems a budding videoblogger, podcaster or Internet TV producer would run into. We’ll take care of the servers, the software, the workflow, the advertising and the distribution. Your focus should be on creativity.
  • Website
    http://www.blip.tv
  • Transaction Type
    Debt, Venture Equity
  • Transaction Amount
    $12,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    With this new funding, the company will develop new tools and services for producers of independent web series, further invest in its industry-leading advertising and distribution platforms and significantly expand its syndication relationships.
  • M&A Terms
  • Venture Investor
    Bain Capital Ventures
  • Venture Investor
    Canaan Partners

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