Online platform delivery specialists Vantrix Corporation have secured $12 million in Series B financing, in a round led by JK&B Capital. Existing investors SummerHill Venture Partners, Entrepia Ventures, BDC Venture Capital, and Innovacom have also participated. Ali Shadman from JK&B Capital joins the Vantrix board as part of the deal.
Vantrix will use the proceeds from the round to expand the company’s operations globally and to invest in infrastructure and R&D to support the company’s growing customer base.
Vantrix offers a mobile focused rich media delivery platform; or in laymen’s terms it provides delivery tools that allow video to be easily viewed on cellphones. Manish Jha, CEO of Vantrix said that of the Vantrix platform: “Delivering rich media on mobile phones should not be hindered by obstacles such as the fragmentation of devices, screen sizes, codec types, content formats, media player characteristics and network incompatibility issues. Vantrix helps content providers and carriers worldwide overcome these barriers to deliver ubiquitous and compelling new mobile services to consumers.”
Saturday, September 15, 2007
Mobile Video Company Vantrix Takes $12 Million Series B
Saturday, September 8, 2007
Multiply Lands $16.6 Million Series B
Social network Multiply has taken $16.6 million in Series B funding. The round was led by VantagePoint Venture Partners with Point Judith Capital and Transcosmos Investments also participating.
As part of the deal ex-Chairman of Intermix Media (the original owners of MySpace) David Scott Carlick will join Multiply’s board.
Multiply previously took $6million Series A in July 2006.
Multiply is one of the older social networking sites (it launched in 2003) and has flown under the radar while first MySpace, then Facebook soared; we last covered the site in November 06. Whilst getting little attention Multiply has continued to grow, and at least according to Alexa is now more popular than Bebo, although lower than Orkut or Hi5. Like many of its competitors it appears to have carved out a strong presence outside of the United States, ranking in the top 10 sites visited by internet users in the Philippines (5) and Indonesia (9); 39% of the sites traffic comes from the Philippines.
