VYou, a conversational video platform, has closed a $3m Series A financing round.
The round was led by RRE Ventures and Highland Capital Partners, with participation from High Peaks Venture Partners, Broadway Video Ventures, Kevin Wall, David Tisch, and Rick Webb.
The company intends to use the funds to advance its technology expansion. VYou plans to release a series of new features.
Led by its Founder and CEO Steve Spurgat, VYou allows people to broadcast video structured as conversations. It can be embedded and posted on the web. Launched in November 2010 VYou has partnered with MTV/VH1, Hearst Newspapers, Simon & Schuster, and the Newark Peace Summit.
The company’s management team include COO & President, Karl Alomar, CMO and Creative Director Rex Sorgatz, co-founder and Head of Engineering Sergey Novgorodsky, and co-founder and Head of Product Design Chuck Reina.
In conjunction with the funding, Adam Ludwin of RRE Ventures and Dan Nova of Highland Capital will join the VYou’s board.