Wibbitz Lands $8,000,000 Series B Round

  • Feed Type
  • Date
    5/21/2015
  • Company Name
    Wibbitz
  • Mailing Address
    Undisclosed New York, NY 10017 USA
  • Company Description
    Wibbitz provides a video player plugin for your site that takes static web content like images, headlines and video clips- in real-time and automatically creates an interactive video, giving users an engaging overview of the website by video-surfing.
  • Website
    http://www.wibbitz.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $8,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    The $8M investment will be used to build out the company’s U.S. headquarters in New York City’s Financial District, a growing hub for media and technology companies. Specifically, Wibbitz will be focusing on expanding its business development, sales, marketing, and editorial teams, with plans to hire about 20 new employees within the next few months.
  • M&A Terms
  • Venture Investor
  • Venture Investor
  • Venture Investor
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