Union Square Ventures Leads $3.2 Mln Series A Round for VHX

VHX said Thursday that it has raised $3.2 million in Series A financing. The lead investor was Union Square Ventures. Existing investors Lerer Ventures, Lowercase Capital and Alexis Ohanian participated in the round as did new investors William Morris Endeavor, John Maloney and Gunderson Dittmer. Also, Union Square Ventures' Andy Weissman will join VHX’s board of directors. Headquartered in New York City, VHX is a distribution platform for artists to sell videos from their websites directly to fans.

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