Print
Email
Print Edition StoriesThursday, November 13, 2008
Flybridge Capital leads $8M round in mobile video monetizing firm
By Mass High Tech Staff
MHT's Jim Connolly: Social network sites focus on niches, sports
MHT Editor Doug Banks on NECN: How companies are using social media
MHT Sales Roundtable: Web 2.0, Meet Sales 101
Boston-based Flybridge Capital Partners led an $8.25 million Series B round of financing for Transpera Inc., a California mobile video monetizing platform, Transpera officials announced. The investment round also included support from return backers Intel Capital and First Round Capital, as well as new investor Labrador Ventures. Silicon Valley Bank offered debt financing.
Transpera said it plans to use the investment in growing its products and customer service.
The 1-year-old Transpera has developed an advertising monetization platform for web video delivered on mobile phones. So far, the company reports having received milestone payments from deals with Ford, MTV Networks, Discovery Communications, the Travel Channel, Fox Reality Channel and AccuWeather.com.
Flybridge Capital is an early-stage venture capital firm that manages $560 million in investments predominantly in health care, consumer and information technology. The VC firm posted six deals , the largest amount by a local firm during the third quarter of 2008. Recent investments for Flybridge Capital included a $10.8 million second round financing of medical diagnostics startup T2 Biosystems Inc.; a $21.75 million Series B funding of molecular diagnostics firm Predictive Biosciences Inc.; and a $7 million second-round financing of online customer loyalty program developer Mall Networks.
RSS Feeds
Comments
Please Login/Register to post comments.
No comments have been added or approved.