Virool, Inc., a San Francisco, CA-based online video advertising service, has received US$400k from AIM-listed TMT Investments PLC.
Launched a few months ago by CEO Alexander Debelov, Virool has developed a self-service platform that allows video creators to distribute videos that are over 30 seconds long to targeted audiences across its network of online publishers, blogs, social games and mobile apps, as well as an application that makes it very easy for publishers on Facebook, iOS, Android, blogs or other media channels to plug into the network and provide advertising space.
It already has over 7,000 advertisers using the platform.
The company already raised raised capital from Y-Combinator (incl. Andreessen Horowitz, SV Angel, Yuri Milner, and General Catalyst), Thomvest Ventures, 500Startups, NetPrice, Global Venture Alliance, Plug and Play Ventures, Ryan Tu, Paul Buccheit, Garry Tan, Harj Taggar, and Alexis Ohanian.
FinSMEs
30/08/2012