Vidyard scores $50 mln in Battery Ventures-led Series C round
Kitchener, Ontario-based video platform Vidyard has secured about $50 million (US$35 million) in a Series C financing. The round was led by U.S. venture capital firm Battery Ventures and was joined by existing investors Bessemer Venture Partners, Salesforce Ventures, OMERS Ventures, iNovia Capital and SoftTech VC. With the deal, Michael Brown, general partner at Battery Ventures, will join the company's board of directors. Founded in 2010, Vidyard helps business marketing and sales teams generate more pipeline and investment returns with online video content. It said it plans to use the funds to develop new innovative products. To date, Vidyard has raised over US$60 million in total financing.
26 January 2016•5 mins read
