Magnify.net Raises $1.2 Million
Magnify.net, the self-serve white-label web video service we covered earlier this month, has closed a $1.2 million round of funding.
The round was co-led by New York Angels and NextStage Capital, and included Chris Anderson of TED Conference (not Wired) fame. We had mentioned the impending investment, which includes bridge funding from last year, in our last article. It will be formally announced tomorrow.
Magnify CEO Steve Rosenbaum said today the company has seen a lift in interest from viewers, channel creators, and developers following the company’s launch at the DEMO Conference. The site now powers 2,300 channels, up from 2,000 generated during its beta period before DEMO. The company plans to apply the funding to building features, cutting partnerships, and adding a presence in San Francisco, Rosenbaum said.
Recent
GigaOM Network
Copyright 2001–2008 Giga Omni Media, Inc. All rights reserved. Powered by WordPress.com. Marketing consulting by ACS.
[...] Steve Rosenbaum, a film-maker-story-teller and newly funded CEO of Magnify.net, has been hanging and talking with us for several years. He sees how our conversation and the work of iFOCOS has moved forward. “Since my last visit with the WeMedia team, things are different. In an important way. It’s changed. the WE in WeMEDIA got bigger, the ‘MEDIA’, got smaller. Or more intimate, more more focused. Not sure which.” Steve, yes - and thanks for noticing. [...]
ifocos - institute for the connected society We Media 2006 Miami: » We Media analysis and links on February 23rd, 2007 at 10:12 am - Permalink
[...] and Simon Cavalletto, and Scott Milener (previously Browster) is also involved. They have raised $1.2 million in seed financing from New York Angels and NextStage Capital. 3,500 channels have been created to [...]
Magnify.net Different Than The Video Crowd on March 31st, 2007 at 3:17 am - Permalink
[...] and Simon Cavalletto, and Scott Milener (previously Browster) is also involved. They have raised $1.2 million in seed financing from New York Angels and NextStage Capital. 3,500 channels have been created to [...]
Ajax Girl on March 31st, 2007 at 5:36 am - Permalink
[...] while Ning recently put an astounding $44 million in the bank. Magnify, on the other hand, has raised $1.2 million. Rosenbaum said the company’s network of sites is seeing strong growth, with 3 [...]
Magnify Revamps to Answer Users’ Demands « NewTeeVee on August 29th, 2007 at 12:01 am - Permalink
[...] Tech Ventures, Active Angel Investors, Chris Anderson, Ogden Capital and Gideon Gartner. It had raised $1.2 million about a year ago. Magnify helps users curate other peoples’ videos. We spoke to WeShow [...]
Bits and Pieces of Funding for Online Video « NewTeeVee on February 28th, 2008 at 11:47 am - Permalink