LiveClips Receives $2.15M in Funding

LiveClips, a Stamford, Conn.-based provider of a platform that allows the delivery of smart video clips to sports and fantasy league fans via Internet-enabled and mobile devices, has received new investments totaling $2.15m over the past two months.

In particular, the company received:
– $1.15m in late December from two funds focused on investing in Connecticut businesses and managed by Advantage Capital Partners, Ironwood Capital Connecticut and two private investors.
– $1m in February, with $500k each from Advantage/Ironwood funds and Connecticut Innovations.

Last summer, Connecticut Innovations invested $1m in the company (read here).

Led by CEO Lewis Bakes, LiveClips has developed advanced technology that automates the labor-intensive process of creating game clips, enabling broadcasters and rights holders to increase the efficiency of their sports coverage. The company is also pioneering a new era of mobile engagement, creating instant in-game clips that users can filter by teams, players and kinds of plays. Launched in 2008, the platform has been used by Major League Baseball and by ESPN for NCAA® college football and the FIFA World Cup®. LiveClips is now working to finalize contracts to deliver its service offering for soccer, golf, football, baseball and basketball in 2012 and 2013.



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