VideoGenie Conjures Up $2M

6/9/11Follow @wroush

Palo Alto, CA-based VideoGenie, which helps companies collect, manage, and market customer-generated videos, said today that it has raised $2 million in a Series A financing round led by Blumberg Capital. Innovation Endeavors, Google chairman Eric Schmidt’s investing firm, also participated in the round. The company said in an announcement that it will use the funds to “fuel strategic business initiatives, expand the VideoGenie solution set, as well as expand the team to address the company’s rapid growth and accelerate new customer opportunities.”

Wade Roush is a contributing editor at Xconomy. Follow @wroush

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