Blip.tv Raising Series B

Blip.tv, a New York-based video sharing website, has held a first close on its Series B funding round led by Ambient Sound Investments, a VC fund formed by the four founding engineers of Skype. No financial terms were disclosed. Other round participants included Lauder Partners, Jeffrey Sechrest (co-head of media/entertainment at Lazard), Andrew Rasiej (founder of the Personal Democracy Forum), Jonathan Kopp (partner with PR firm SS&K) and Ken Sawyer (founder of Saints Capital). www.blip.tv