Home › DMW Daily › June 2, 2009

Grab Networks Raises $12 Million for Online Video Platform

Authored by Mark Hefflinger on June 2, 2009 - 7:27am.
Dulles, Va. - Grab Networks, a developer of online video technology created through the September merger of Anystream and Voxant, said that it has raised $12 million in debt and equity funding.

Previous investors Softbank Capital, SCP Capital, Longworth Venture Partners, and Court Square Partners participated in the round, while Horizon Technology Finance led the venture debt portion.

Dulles, Va.-based Grab's Web-based platform is designed to help users distribute and monetize their video content on the Web.

The company, led by CEO Fred Singer, currently has more than 700 clients, and plans to use the latest funding to expand marketing for its core platform, as well as invest in its video indexing technology and the growth of its ad network.

 

Related Links:
http://snipurl.com/jakji

http://www.grabnetworks.com

Published in DMW Daily, June 2, 2009
tags: Deals | VC | Video | Anystream | Voxant | Softbank Capital | Longworth VP | Horizon Technology Finance | Grab Networks | SCP Capital | Court Square Partners |



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