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Streaming Video Delivery Provider The FeedRoom Raises $5.1 Million

Authored by Mark Hefflinger on April 28, 2004 - 3:40am.
New York -- The FeedRoom, a provider of streaming media delivery solutions for broadcasters and other media companies, announced on Wednesday that it has raised $5.1 million in new funding. The investment round was led by BEV Capital, with participation from existing investors Warburg Pincus, Ridgewood Capital, Constellation Ventures, Circle-T Partners, the New York City Investment Fund, former CBS CEO Peter Lund and UBS Warburg's U.S. head of investment banking Ken Moelis. New York-based FeedRoom's clients include NBC's owned television stations, CBS Sports, AOL, Comcast, Reuters and Tribune Television -- in all a network of 170 sites that deliver over 1 million streaming video clips daily. The company will use the funds to expand its sales and marketing efforts.
http://makeashorterlink.com/?N27E42728

tags: Streaming Video | Deal | The FeedRoom |



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