Thursday, September 22, 2011, 9:09 AM ET|Posted by Will RichmondInvestors continue to be bullish on video-related companies, with news this morning of two more significant financings: Vidyo, an HD video telepresence provider has raised a $22.5 million Series D round (for a total of $97 million since inception), and Visible Measures, a social video advertising and analytics provider, has raised a $13 million Series D round (for a total of $45 million to date). The Vidyo financing was led by QuestMark Partners and the Visible Measures round by DAG Ventures and new strategic partner Advance Publications, parent of Conde Nast and other magazines. Each company's existing investors participated their financings as well.
The Vidyo and Visible Measures rounds come on the heels of several other significant financings for video companies in Q3: Tremor Video ($37M), Thought Equity Motion ($25M), Innovid ($9.5M) and Taboola ($9M), among others. Meanwhile, online video platform Brightcove filed for a $50M IPO and competitor Ooyala raised an undisclosed amount from Motorola Mobility. Mobile video provider MobiTV also filed for a $75M IPO, and there have been a cluster of earlier stage company financings during the quarter.
Investors are bullish for at least 3 key reasons: massive behavioral change toward video among both consumers and professionals, huge existing revenue streams (e.g. advertising, subscription TV) in flux and rapid technology innovation throughout the ecosystem. None of these forces is going to slow down any time soon, and as expected, companies that are benefiting from and accelerating these trends are getting a lot of investor attention.
As I've done in prior quarters, I'll have a full rundown on all the video-related financings when Q3 closes.
Categories: Deals & Financings