New York - Magnify.net, a community video platform where users can create embeddable video channels populated with clips from across the Web, has raised a $1 million first round of financing, TechCrunch reports.

Investors included Next Stage Capital, New York Angels, Rose Tech Ventures, Active Angel Investors, Ogden Capital, Gideon Gartner and Wired editor Chris Anderson.

New York-based Magnify.net helps websites owners add video, as well as video search to their sites.

The company claims 30,000 publisher partners, and more than 3 million unique monthly visitors.

Related Links:
http://snipurl.com/20m2d (TechCrunch)

http://www.magnify.net