Bain Capital Invests In Blip.tv’s Second Round
Blip.tv is a video user generated content site that recently garnered some attention for hosting Michael Moore’s latest movie, Slacker Uprising. Blip.tv has raised their second round of funding, led by Bain Capital Ventures. Blip’s first round was led by Ambient Sound Investments, a VC firm started by the 4 founding Skype engineers.
Blip plans on using the new round of funding to grow their team. Blip is also planning on using the funding to increase their tools and better their interface. Blip will also be increasing their attention to advertising sales.
This month, Blip.tv also served 51 million video views and hosts 37,000 shows. These shows release about 3 episodes per month.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry