Web Video Investment Roundup

By Sergio Published on .

Dragonfly, an online video distribution company, has locked over $3 million in funding from various investors, including Ed Herrington, David Solomon and former NFL player Joe Theismann. The company focuses on the integration and capitalization on high-def video content. Magnify.net, a video sharing platform and development site for publishers, has raised $1 million from investors, including Next Stage Capital, New York Angels, Ross Tech Ventures, among other groups and individuals, TVWeek.com reports. The one-year-old site currently services over 30,000 publishers. Veoh is looking to raise $40 million in funding, Silicon Alley Insider reports. It is unknown what the company hopes to do with those funds. To date the company has already raised $40 million, including $26 million from Goldman Sachs. Akimbo, the former Web-to-TV hardware developer, will now provide publishers with online video services, including ad support, subscriptions, transactions and other revenue generating services, TVWeek.com reports. With the rebranding and refocus of its specialty comes news of additional investments for the company from Draper Fisher Jurveston, Kleiner Perkins and Byers, and Zone Ventures for an undisclosed amount.
-Sergio Ibarra
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