Tuesday, July 6, 2010, 8:52 AM ET|Posted by Will RichmondQ2 '10 was another strong quarter of financings for private video-related companies, with at least 18 companies raising more than $247.1 million according to public sources I track. Once again the group was dominated by technology-focused firms rather than those involved with content. The biggest recipients of funding in the quarter were Tremor Media ($40M), Zenverge ($30M) and Vidyo ($25M). The Q2 '10 total tracks well against past quarters of $175.4M (Q1 '10 - U.S. only), $150.1M (Q4 '09) and $180.9M (Q3 '09) as investors clearly continue to be bullish on the video sector. In the past 5 quarters, investors have poured almost $814M into private U.S. video-related companies, which is impressive in light of the narrow window for public offerings.
In addition to the private financings, there was also plenty of deal activity in the video space in Q2 '10. This includes (in order of date announced), the remains of Veoh being sold to Qlipso, Juniper Networks acquiring software company Ankeena Networks, Nielsen buying video analytics firm GlanceGuide, ActiveVideo Networks adding network game developer TAG Networks, KIT Digital rolling up video asset manager Benchmark Broadcast Systems, Google acquiring Norwegian real-time video provider Global IP Solutions, Sonic Solutions buying DivX, Akamai adding mobile services platform Velocitude and RGB Networks acquiring mobile video encoder RipCode.
Following are the investments that I tracked during the quarter, the date disclosed and new investors identified if applicable. Links are provided to the companies' press releases, or to relevant media coverage if none could be found (note that I haven't verified media coverage with companies themselves). If I've missed anything or you find an inaccuracy, please post a comment.
Vidyo ($25M) - April 1 - Four Rivers Group, existing investors
Bightcove ($12M) - April 6 - Existing investors
Edgecast ($10M) - April 12 - Menlo Ventures
3Crowd - ($6.62M) - April 13 - Canaan Partners and Storm Ventures
BlackArrow ($20M) - April 19 - NDS
Zenverge ($30M) - April 21 - Battery Ventures
Imagine Communications ($10M) - April 21 - Existing investors
Freewheel ($16.8M) - April 26 - Steamboat Ventures
Tremor Media ($40M) - April 28 - DFJ Growth Fund, Triangle Peak Partners
Newsy ($2M) - May 5 - Undisclosed investors
Invidi ($23M) - May 5 - Google
blip.tv ($10.1M) - May 19 - Canaan Partners
Transpera ($9M) - June 2 - BlackBerry Partners Fund
Dilithium ($1.5M) - June 3 - Existing investors
Metacafe ($5M) - June 5 - Existing investors
Brand.net ($14M) - June 22 - Focus Ventures
ViaCLIX ($3.1M) - June 22 - Undisclosed
Extreme Reach ($9M) - June 23 - Existing investors
Categories: Deals & Financings