LongTail Video Garners $5,000,000 Series B Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4d6ce201-19f6-4fad-b9ac-9908693cd1bc&Preview=1 -
Date
11/7/2012 -
Company Name
LongTail Video -
Mailing Address
134 Fifth Avenue 5th Floor New York, NY 10011 -
Company Description
LongTail Video is a New York-based startup that has pioneered the web video market. Our flagship product the – JW Player – is active on over one million websites and streams billions of videos each month. It is used by a diverse group of publishers, ranging from Fortune 500 companies to individual bloggers. AddOns, a library of plugins and skins contributed by LongTail’s community of developers that enable customers to customize their JW Player, are used by over 300,000 sites; and the AdSolution, LongTail’s stand-alone, self-serve video ad serving system serves over 200 million in-stream ad impressions each month to thousands of websites. -
Website
http://www.longtailvideo.com -
Transaction Type
Venture Equity -
Transaction Amount
$5,000,000 -
Transaction Round
Series B -
Proceeds Purposes
The company will use the funding to drive new product development and to expand its sales and marketing efforts. -
M&A Terms
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Venture Investor
Greycroft Partners -
Venture Investor
Cue Ball Group
