Videoplaza has just come out with an announcement that they have secured a $12 million investment aimed for global expansion. The Series B funding comes from Qualcomm Ventures and Innovacom. We've written about the Sweden based company before as well, regarding their strong growth. With this investment the growth is sure to follow. The company had a great 2011 according to the press release. It served five times greater ad volume than the year before and opened up new offices in Madrid, Berlin and Singapore. It now operates in 17 different countries.
“We believe in picking sides and are 100% committed to the sell side, empowering broadcasters and publishers to effectively monetise their video inventory across any device or service. This investment allows us to further strengthen our commitment as we increase our R&D efforts and footprint to make sure our clients can build a sustainable business in a fast changing and ever more fragmented world,” commented Sorosh Tavakoli, CEO of Videoplaza.
The company has previously focused very heavily in enabling content operators an easy way to capitalise on advertising. This is a huge market, but Videoplaza is also focusing its efforts towards IP delivered content.
Videoplaza has previously closed a €3.5 million round from Creandum and Northzone. We covered this in March 2010.