Jul 10, 2008
Feedroom secures $12m growth capital
The FeedRoom Inc., a provider of Web video solutions for media companies, corporations and government agencies, has announced the completion of a $12 million round of growth capital financing led by NewSpring Capital. Existing FeedRoom investors BEV Capital and Velocity Equity Partners participated significantly in the round as well. The FeedRoom will use the new capital to accelerate sales and the continued development of its fourth-generation video platform that is being released over the course of the year.
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