Blip Raises $12M For Indie Online Video
Original web series destination site Blip has just closed a $12 million financing round to develop new tools and services for independent producers.
Original web series destination site Blip has just closed a $12 million financing round, raising $6 million from existing partners including Canaan Partners and Bain Capital Ventures, along with $6 million of debt from Silicon Valley Bank. According to MediaPost, “Blip now plans to develop new tools and services for independent online producers; invest further in advertising and distribution platforms; and foster more syndication relationships.”
The first $6 million was actually announced back in December, but the $6 million in debt was just announced this week.
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