Vantrix Locks In $14M

Vantrix announced the completion of a $14M Series C investment

May 11, 2010

1 Min Read

BOSTON and MONTREAL -- Vantrix, the global leader of mobile video optimization and delivery solutions for streaming, browsing and messaging, today announced the completion of a US$14 million Series C investment. The financing round was led by Tudor Ventures, the venture capital and private equity arm of Tudor Investment Corp., with pro rata participation from existing investors Summerhill Venture Partners, JK&B Capital, BDC Venture Capital, Innovacom Venture Capital and Entrepia Ventures. The new working capital will serve to help Vantrix expand its operations following on the growth the company has experienced and further anticipates in video delivery and bandwidth optimization.

“Vantrix has demonstrated the proven ability to gain Tier 1 customers and partners resulting in a market-leading position in mobile video,” said Dan MacKeigan, Principal at Tudor Ventures. “The company has built an exceptional track record and management team, and we are delighted at the prospect of supporting their expansion strategies.”

Vantrix Corp.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like