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Over $236 Million Raised in Q3 '11 By Private Online/Mobile Video Companies
Private online and mobile video companies raised at least $236.5 million in Q3 '11, the largest amount since Q2 '10 when $247 million was raised. It's also a huge rebound from Q2 '11's $84 million which was the lowest in the past 2 years. I've compiled the total from numerous sources I track and as always, it is possible that I missed some news during the quarter. If so, please let me know and I'll update the list.
As detailed below, the $236.5 million was raised by 20 companies, with 2 additional financings undisclosed (ClipSync and Ooyala). Of the $236.5 million, 62%, or $147 million, flowed to just 5 companies, Tango ($42M), Tremor Video ($37M), Thought Equity Motion ($25M), Vidyo ($22.5M) and Zenverge ($20.5M). All of these were later stage rounds in companies that had previously raised substantial sums.
As I always like to add in these roundups, too much shouldn't be read into one quarter's data as financings close when they do - a few days one way or the other and quarters can look very different.
Still, the number and breadth of the financings across the online and mobile video value chain - from chips to monetization - is solid evidence that investors remain bullish on video's potential. This should continue as video usage increases, devices proliferate and advertisers accelerate their spending.
In addition to the financings, there was also significant M&A activity and public financings in Q3, which are noted below.
Private Financings and lead investor
ClipSync (Undisclosed) - July 11 - RealNetworks
Shelby.tv ($1.5M) - July 14 - Avalon Ventures
SupersonicAds ($4.2M) - July 19 - Greylock Israel
Tango ($42M) - July 20 - Draper Fisher Jurvetson
Joyus ($7.9M) - Aug. 1 - Accel Partners, Harrison Metal
Movieclips.com ($7M) - Aug. 9 - MK Capital
Roku ($12M) - Aug. 12 - Existing investors
Thought Equity Motion ($25M) - Aug. 15 - Shamrock Capital Advisors
Taboola ($9M) - Aug. 25 - Crescent Point
Innovid ($9.5M) - Aug. 30 - Sequoia Capital
Chill.com ($1.5M) - Sept. 6 - Kleiner Perkins, Redpoint, Atlas Venture
Mobovivo ($1.1M) - Sept. 8 - Undisclosed
Tremor Video ($37M) - Sept. 13 - W Capital Partners
Ooyala (Undisclosed) - Sept. 13 - Motorola Mobility
Base79 ($3.75M) - Sept. 15 - MMC Ventures
Magisto ($5.5M) - Sept. 20 - Horizon Ventures
Klip ($2M) - Sept. 20 - Matrix Partners
Visible Measures ($13M) - Sept. 22 - DAG Ventures
Vidyo ($22.5M) - Sept. 22 - QuestMark Partners
Zenverge ($20.5M) - Sept. 26 - Entropic, CID Group, Woodside Fund
mDialog ($5M) - Sept. 28 - BlackBerry Partners Fund
Twitvid ($6.5M) - Sept. 29 - Azure Capital Partners
M&A
Haivision acquires Kulabyte - July 21
DG acquires EyeWonder from Limelight - Aug. 30
Thought Equity Motion acquires Panvidea - Sept. 8
Exponential Interactive acquires AdoTube - Sept. 13
Public Financings
Tudou raises $174M in IPO - Aug. 16
Brightcove files for $50M IPO - Aug. 24
MobiTV files for $75M IPO - Sept. 1Categories: Deals & Financings
