VMIX Gets $16.5M

VMIX powers UGC, premium video and social networks for more than 190 media brands and Websites

October 31, 2007

1 Min Read

SAN DIEGO -- VMIX, the leading interactive media, video and social networking company, today announced the closing of a $16.5 million equity financing. New investors JK&B Capital and ATA Ventures joined existing investors Mission Ventures and Enterprise Partners in this round. The funding will be applied to extending the company's lead in supplying the VMIX CORE software platform to companies and organizations across the globe. VMIX was represented by Revolution Partners in the transaction.

This financing follows a period of remarkable growth for the company. "VMIX has contracted with some of the largest media and information companies in the U.S., covering over 190 websites with an audience reach in excess of 60 million monthly unique visitors," said Greg Kostello, chairman and CEO of VMIX Media. "Our customers today, including Tribune Interactive, Media General, Lee Enterprises, are leveraging their brands by integrating video, rich media and social networking features into their websites, and the VMIX CORE platform allows them to do so quickly and easily."

Tom Neustaetter, Partner with JK&B Capital adds, "The VMIX team has successfully created a one-stop shop for clients who want to turn their online media properties into rich and engaging communities, particularly for hyper-local news."

VMIX Media Inc.

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

You May Also Like