Vantrix, a Montreal, Canada-based provider of mobile video optimization and delivery solutions for streaming, browsing and messaging, completed a US$14m Series C financing.
The round was led by Tudor Ventures, the venture capital and private equity arm of Tudor Investment Corp., with participation from existing investors Summerhill Venture Partners, JK&B Capital, BDC Venture Capital, Innovacom Venture Capital and Entrepia Ventures.
The new capital will support the company’s expansion strategies.
In conjunction with the funding, Dan MacKeigan, Principal at Tudor Ventures, has joined Vantrix’ Board of Directors.
The Vantrix Mediadvance platform is currently being used by Sprint (NYSE:S), Orange, Telefonica (NYSE:TEF), T-Mobile, TeliaSonera (OMX:TLSN), MTS, Etisalat (ADX:ETISALAT), Saudi Telecom Company (TADAWUL:STC), and Tata Telecom.
The company also operates offices in London, Hong Kong, and Dubai.
FinSMEs
11/05/2010