NEW YORK, Nov. 17, 2017 /PRNewswire/ -- VidMob, the
world's leading video creation network and platform, announced
today that it has secured $7.5
million in a Series A round of financing. In addition to the
ongoing participation of many of VidMob's original seed investors,
participants in the Series A round include Manifest Investment
Partners, Interlock Partners, Stampede Ventures, Acadia Woods
Partners, and Macanta Investments. VidMob has now raised over
$13 million in total since its
inception in 2015.
VidMob aims to help companies, agencies and brands improve video
production efforts by marrying a curated community of professional
video creators with a sophisticated workflow platform designed to
make human creativity scalable.
Take a look at what VidMob is about here.
"As the web continues its transition from a static medium to one
dominated by video, many advertisers are struggling with the
difficulty of scaling video creative without sacrificing quality or
overspending," said Alex Collmer,
founder and CEO of VidMob. "VidMob serves as a virtual post
production house for agencies, social networks, marketers, digital
publishers, and e-commerce platforms that need increasing amounts
of video as the global communications mix migrates from text and
still imagery to video."
The new funds will be allocated to grow headcount across
VidMob's four offices in Los
Angeles, New York,
Chicago, and Massachusetts; expand technology capacity and
tools; and continue agency and brand partnership momentum.
The Series A financing caps off an exceptional 12 months for
VidMob whose revenue has grown more than tenfold in that time
period. Earlier this year, VidMob was awarded official marketing
partner badges by Facebook and Snap, and recently won innovation
awards from Instagram and Twitter for its creative solutions for
brands and agencies.
"As the web becomes a video network, every company in the world
will need to think and behave differently," said VidMob investor
Greg Silverman, founder and CEO of
Stampede Ventures and former president of production at Warner
Bros. "Visual storytelling will be the way we connect emotionally
to brands, and VidMob's novel approach, using technology to empower
human creativity - not subvert it - makes scaled high-quality video
creative a realistic possibility for advertisers of all sizes."
About VidMob
VidMob is the leading video creation platform with a network of
professional creatives worldwide who produce the full spectrum of
video content for the world's brands and advertisers. As the Web
transitions to a video-driven medium, marketers and publishers need
to increase the volume and enhance the quality of their video
communications. VidMob enables clients to collaborate with expert
creatives to efficiently develop a suite of video assets optimized
for every digital channel. Learn more about VidMobhere.
Contact
Bronagh Hanley,
press@vidmob.com, 415-314-7262
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SOURCE VidMob