Viddy said it raised $6 million dollars in Series A financing in a deal led by Battery Ventures and joined by co-investors Greycroft Ventures and Qualcomm. The ne wmoney will enable the mobile video company to accelerate international expansion and bring its app to new devices, including the iPad.
Viddy Announces $6 Million Series A Round, Looks to Bring Social Video to Android and iPad
Battery Ventures leads Viddy’s Series A Financing in conjunction with Greycroft Ventures and Qualcomm
(Venice, CA – February 8, 2012) — Today Viddy, the fastest growing mobile social video application, has announced that they have raised $6 million dollars in Series A financing. Lead by Battery Ventures along with co-investors Greycroft Ventures and Qualcomm, the additional funding will enable Viddy to accelerate international expansion and bring their App to new devices and platforms, including the iPad and Android Phones and Tablets.
“Viddyographers” can capture, beautify and share 15-second video clips with the world using one-click actions to apply unique audio tracks, transitions and innovative visual effects.
Viddy’s accelerated growth can be greatly attributed to its celebrity users, who utilize Viddy as a communication platform for engaging and entertain their fans. Notable Viddy users include musicians like Linkin Park, Snoop Dogg, and Incubus, as well as celebrities like TV personality, Giuliana Rancic, NFL greats Warren Sapp and Michael Strahan, and digital influencers like iJustine. Viddy also features premium branded content tie-ins, enabling Viddy fans to download custom video effects and sounds from their favorite artists and movies.
“We continue to be excited by the growth and engagement of the Viddy community, and by the visually entertaining quality of videos created and shared around the world every day,” said Viddy CEO & Co-Founder Brett O’Brien, “Given the incredible growth numbers that we have seen, we’re looking forward to making Viddy available on more platforms and to more users globally.”
This funding round brings Viddy’s total capital raised to $8.2 million dollars, Existing investors include Battery Ventures, Greycroft Ventures, Qualcomm, Bessemer Ventures, and Angel Investors Sky Dayton (founder of Earthlink, Boingo and Business.com), Jarl Mohn (founder of E! Entertainment Television and Founding President of Liberty Digital) and Christina Brodbeck (the first employee at YouTube).
Launched in April 2011, Viddy is a mobile social video application that enables users to shoot, beautify and share 15-second video clips using Adobe and Final Cut style visual effects pre-bundled into one-click production packages, similar to an Instagram filter – for video. Special effects include graphics, color correction and audio tracks. Production Pack options include; Solarize, Red, Exposed, Retro, Glam, Black & White, Crystal, Hued, Vintage, Junkd, & 3D. Viddy also offers branded/partner Production Packs including: Snoop Dogg, Incubus, the Muppets, and T-Pain.
Viddy enables users to quickly and easily add titles, tags, and geo-location with Foursquare and share via the Viddy network, Facebook, Twitter, YouTube, Tumblr, email, SMS or to a personal website with the new embed codes.