San Diego, CA-based VMIX, a provider of online video and media management solutions, has secured a $2m Series B-1 financing round.
Enterprise Partners, Mission Ventures, JK&B Capital and ATA Ventures participated in the new round of funding bringing the total they have invested in VMIX to date to $23.5m.
As stated by the President and CEO of VMIX Mike Glickenhaus, the additional funding will be used to accelerate growth plans and expand into new markets.
He said: “We are seeing meteoric growth in the consumption of online video, thanks to greater broadband access and advances in streaming technologies.
“This inside round was agreed on and closed quickly so that our management team can focus on building the business”.
The new investment will also make it possible to capture more of the growing market for video in enterprise, non-profit and other arenas, Glickenhaus added.
FinSMEs
01/10/2009