Fliqz, the leading provider of plug-and-play video solutions, today announced it has received $6 million in Series C funding. The round was led by Triangle Peak Partners, LP and joined by existing investor Mohr Davidow Ventures (MDV). Fliqz, which has more than 35,000 online video publishers using its platform, will use the funds for product development, international expansion and ongoing growth of its already robust sales organization. 2008 has witnessed broad acceleration in the adoption of online video, with thousands of companies incorporating video into their marketing mix. Today, Fliqz powers more sites than any other plug-and-play provider, with more than 1,000 new publishers a month selecting Fliqz.
“The adoption of video by web sites of all sizes marks the single greatest change in the online landscape since the ubiquitous adoption of email and web sites in the mid-1990’s. Plug-and-play solutions are fueling this growth by removing the technical and financial barriers to mass adoption,” said Benjamin Wayne, CEO of Fliqz. “The financial support and expertise of investors like Triangle Peak Partners and MDV provides valuable resources and experience as we continue to build on our success in serving this multi-billion dollar emerging market.”
The Fliqz platform enables sites to effortlessly and cost-effectively integrate customized video solutions. A complete application set provides end-to-end tools for the capture, management, moderation, tracking, and monetization of video assets. Unlike other expensive and technically-complex alternatives designed primarily for large media companies, Fliqz solutions are designed to meet the needs, budget, and technical expertise of a wide spectrum of publishers.
“The widespread adoption of video is creating tremendous market growth,” said Dain DeGroff, a partner at Triangle Peak Partners, LP. “Fliqz’s extensive and rapidly growing customer base, robust yet intuitive technology, and seasoned management team make it uniquely positioned to take advantage of this exciting opportunity.”
About Triangle Peak Partners
Triangle Peak Partners, LP is an investment firm focused on venture capital and private equity investments in private and public companies in the technology, energy, and alternative energy sectors. The firm has over $300 million in assets under management, $165 million of which is in venture capital and private equity, and has offices in Carmel, Palo Alto and Houston.For more information, please visit http://www.trianglepeakpartners.com/
About Mohr Davidow Ventures (MDV)
MDV is a leading Silicon Valley-based venture capital firm that partners with exceptional entrepreneurs building breakthrough companies creating new markets or disrupting incumbents, principally through technology innovation. The firm invests in the areas of Cleantech, Information Technology, and Human Health. Since its inception in 1983 the firm has taken a hands-on approach to investments and working closely with entrepreneurs to reduce time to market and build successful companies. Cleantech companies funded by MDV include: Catilin; Genomatica; Gordon Murray Design; Hycrete; Laurus Energy; Nanosolar; OPX Biotechnologies; Simbol Mining; and ZeaChem. MDV has $2 billion under management. For more information, visit http://www.mdv.com