Mogulus Raises $1.5 Million
Live video startup Mogulus has closed $1.5 million in funding from undisclosed angel investors, CEO Max Haot told us this morning. Including the $1.2 million in angel funding we reported on last May, the New York City-based company has now raised $2.7 million in total funding, all pre-Series A.
Haot said Mogulus now has 25,000 producers, up from 18,000 when it launched at our NewTeeVee Live conference in November (disclosure: it was a sponsor and the sole live-broadcasting partner at our show).
The company plans to launch paid versions of its live video broadcasting tools this quarter, including premium features like H.264, video on demand (something we definitely could have used at NTV Live!), different aspect ratios, the capability to include individual clips, and more, said Haot.
Haot said Mogulus hopes to raise a round of venture funding by the end of the year. It should probably do that, considering the swarm of competition in the live video space is all out bringing in cash reserves. See our coverage of investment in Ustream, Kyte, and Justin.tv.
Note: We previously said paidContent got the funding amount wrong, but it was actually us being dumb. Our bad.
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[...] streaming platform, has raised a $1.5 million from unidentified angels, according to Beet.tv and NewTeeVee. The funding adds to the $1.2 million it raised earlier this year, bringing its total to $2.7 [...]
Markets and Investments » Live Video Streamer Mogulus Gets Additional $1.5 Million From Angels on January 7th, 2008 at 6:24 pm - Permalink
[...] Mogulus Raises $1.5 Million http://newteevee.com/2008/01/07/mogulus-raises-15-million/ [...]
Mogulus Blog » Blog Archive » Mogulus Secures Another $1.5 Million on January 7th, 2008 at 11:05 pm - Permalink
[...] that figure. Mogulus had raised $1.2 million in seed funding in May of last year and another $1.5 million in January of this [...]
Mogulus Gets $10M from Gannett « NewTeeVee on July 28th, 2008 at 8:14 am - Permalink