Latakoo Closes $2M Financing

Latakoo Inc., an Austin, TX-based video management developer, closed a $2m financing round.

According to recent filings with the SEC, the financing is comprised of equity ($1.8m from 46 backers) and debt ($200k) from an undisclosed institutions.

Led by CEO Paul Adrian, Latakoo provides tools to send, store and share video privately online. Its latakoo Flight is designed to make it easy to quickly compress and upload large video files (HD or SD) and send them over the Internet.

Launched in 2009, the company was formerly known as Press for the People.



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