Vungle, a San Francisco, CA-based in-app video advertising platform, raised $6.5m in Series A funding.
The round was led by Crosslink Capital with participation from existing investors Google Ventures, AOL Ventures, 500 Startups, SV Angel, Maynard Webb, Scott McNealy, Tim Draper, and others.
The company intends to use the funds to hire new people and build the technology.
Led by Zain Jaffer, chief executive officer and co-founder, Vungle provides proprietary technology that allows app developers to monetize their apps through 15-second, HD videos that integrate into their applications’ user experiences. Users can watch Vungle videos on iOS and Android platforms.
The AngelPad company, which has offices in London, and Berlin, has hit a milestone this month, reaching 2 billion video views since its founding last year.
02/05/2012: Vungle Raises $2M in Funding