Alexia said this was coming a few weeks ago, so it shouldn't come as a huge surprise, but... Viddy announced this morning that it has closed a $30 million Series B funding round. The new financing comes from investors that include NEA, Goldman Sachs, Khosla Ventures, and Battery Ventures, and the round closed just a few months after Viddy raised $6 million in a Series A round back in February. The investment was made as the race to become the next "Instagram for video" heats up, especially after Facebook acquired Instagram for $1 billion just a few weeks ago. With that in mind, Viddy, Socialcam, Klip, Mobli, and others have been trying to attract users who wish to share their personal mobile videos with each other.
Friday, May 11, 2012
Viddy Confirms $30M Round From NEA, Goldman, Khosla & Battery Ventures
Alexia said this was coming a few weeks ago, so it shouldn't come as a huge surprise, but... Viddy announced this morning that it has closed a $30 million Series B funding round. The new financing comes from investors that include NEA, Goldman Sachs, Khosla Ventures, and Battery Ventures, and the round closed just a few months after Viddy raised $6 million in a Series A round back in February. The investment was made as the race to become the next "Instagram for video" heats up, especially after Facebook acquired Instagram for $1 billion just a few weeks ago. With that in mind, Viddy, Socialcam, Klip, Mobli, and others have been trying to attract users who wish to share their personal mobile videos with each other.
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