Blip.tv Revolutionizing Web TV With $10.1 Million Financing Round

In recent months, Blip.tv has been forging ahead in an attempt to engage viewers, crush competition, monetize and secure a spot at the top of the online video industry. We recently covered Blip.tv’s partnership with 7-Eleven on their Road Trip Rally web series and their expansion into Hollywood. This morning the online video site is announcing that it has raised a whopping $10.1 million in their third funding round.

This third funding round has far outshined Blip’s previous funding rounds. In June 2007 the company raised $2.5 million and in October 2008 they raised $5.2 million. This $10.1 million round should help Blip.tv a lot in terms of reaching their goals for the future of the video site.