Sightly, an online video platform startup, has raised $5.6 million in venture capital. Moscow-based Bright Capital Digital led the round, which participation from Foresight Ventures, Floodgate, Tomorrow Ventures, Bullpen Capital, Mack Capital and 500 Startups.
Sightly, a leading local video platform, today announced that it has raised $5.6 million in venture capital, positioning the company for continued rapid growth in the local video and mobile space.
Sightly is pioneering the use of video to connect consumers and local businesses in the most engaging and effective way. Their industry-first local video platform helps businesses be found and discovered by consumers as they rapidly shift to video, mobile and social media.
The round was led by Moscow-based Bright Capital Digital and included additional new investor Foresight Ventures. Also joining this round of funding are current investors Floodgate, Tomorrow Ventures, Bullpen Capital, Mack Capital and 500 Startups.
“We believe that video – particularly on mobile devices – is going to drive how consumers find and choose local businesses,” said John McIntyre, Founder and CEO of Sightly. “This funding from both new and current investors not only validates this vision but supports its realization.”
McIntyre said Sightly will use the new capital to fuel continued growth and expand the reach and functionality of their local video platform. Sightly customers include local small-to-medium-sized businesses, national multi-location brands and major channel partners.
“Local is exploding,” said Mike Maples of Floodgate. “Sightly not only has a compelling vision of where the market is heading for consumers and local businesses, but they have a breakthrough approach on how to make that vision a reality and create a game changer in local advertising.”
In keeping with their focus on local video, Sightly recently chose to sell their corporate video production division along with their original name of PixelFish.
Sightly is changing how consumers find and choose local businesses. By pioneering the use of video, Sightly’s industry-first local video platform connects consumers with local businesses in the most engaging and effective way possible. Sightly, a privately-held company, is based in Temecula, CA.