Mobile Video Firm QuickPlay Media Raises $12 Million
Toronto - QuickPlay Media, a provider of mobile video and rich media services, announced on Monday that it has raised $12 million in its second round of venture capital financing. General Catalyst Partners led the investment round; previous investor JL Albright Ventures also participated. Toronto-based QuickPlay was the first company to introduce mobile video services to the Canadian market, and serves carriers including Aliant, Bell, Rogers, SaskTel and Telus. The company has also launched branded services for ESPN, MTV and E! in the U.S. QuickPlay will use the funds for expansion in the Americas and Europe, as well as for marketing of its new mobile video products. http://tinyurl.com/n95ld http://www.quickplay.com
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