blip.tv Closes Institutional Capital Round
Independent Web-TV network blip.tv is in the money, announcing that its third round of institutional capital wrapped up, and that it will use the funds to accelerate growth of the independent Web shows it hosts and distributes; to grow its content-services team and international ad-sales force; and to develop new products.
The round was led by Canaan Partners and existing investor Bain Capital Ventures, and the amount was not disclosed.
Co-founder and CEO Mike Hudack said:
blip.tv turns five this year, and I couldn’t be happier with our success to date and our growth plans for the future.
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