Omaha, Nebr. - Proxibid, a provider of live auction webcasting services, announced on Monday that it has secured an undisclosed sum of new funding from Tetrad Corporation.

Founded in 2002, Omaha, Nebr.-based Proxibid provides live audio and video streaming to more than a thousand online auctioneer clients, and has to date webcast more than 11,000 auctions.

The company will use the new funds to expand its marketing and advertising efforts, as well as to accelerate development of its new website.

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http://www.proxibid.com