clipyoo Receives €50K Convertible Loan from Caixa Capital Risc

clipyoo, a Spain-based marketplace for professional videos, received €50k convertible loan from Caixa Capital Risc‘s Caixa Capital Micro.

The company intends to use the capital to continue to expand operations.

Led by Enrique Alvarez, CEO, and accelerated by Wayra Spain, Clipyoo offers a portfolio of 10 seconds professional high-definition stock video footage, which can be used without licensing restrictions by professionals or amateurs in films, TV, documentaries, ads, corporate communication, educational, and family videos. Users can find a clip, pay a one-time royalty fee, download it instantly, and use it freely while producers and content owners can monetize their material uploading it, and get a commission of up to 50% for each download.

FinSMEs

15/01/2013

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