Vemba raises $5 mln to scale video distribution platform
Vemba Corp has secured $5 million in a Series A financing. The round was led by U.S. venture capital firms Upfront Ventures and BDMI, with participation from the John S. and James L. Knight Foundation. Based in Toronto, Vemba has developed a technology platform that facilitates the distribution, discovery and monetization of video content for publishers and producers. It plans to use funds raised to enhance its offering, with planned product roll-outs of additional social platforms, OTT technology and streaming video. It also plans to expand its Canadian and U.S. offices. Vemba is also backed by Canadian venture capital firm iGan Partners.
28 June 2016•3 mins read
