Ottawa, Canada - Overlay.TV, a provider of video ad overlays, announced on Tuesday that it has raised $3.7 million in its second round of financing, from previous investors Celtic House Venture Partners, Tech Capital Partners and EdgeStone Capital Partners.

Ottawa-based Overlay.TV launched its service in September after a six-month beta program, and has since announced deals with Nettwerk Music Group, Hollywood Records and others.

Its Overlay.TV Vocal Booth application allows fans to sing along with the Jonas Brothers karaoke style.

The company will use the funds to continue its efforts to aid monetization of user-generated content, expand into premium content and secure additional brand partnerships.

Related Links:
http://www.marketwire.com/press-release/OverlayTv-930524.html

http://www.overlay.tv