Transpera Rings In $8.25 Million Series B
Transpera is a mobile web video company that is based in Santa Monica, California. The company is led by Frank Barbieri, former President at Viva Vision and former Group Product Manager at Microsoft. Transpera has raised their second round of funding at $8.25 million from Flybridge Capital Partners, Intel Capital, and First Round Capital. Transpera also received debt financing from Silicon Valley Bank.
“Transpera is demonstrating true leadership in the mobile video market by building an ever-expanding network of premium content partners and delivering innovative, game-changing advertising opportunities,” stated Jeff Bussgang general partner at Flybridge Capital Partners. “We continue to be pleased with their progress in setting a new standard within the mobile video landscape.”
Transpera will be using the money for expanding their product line and service customers. Transpera already helps monetize video for AccuWeather, Associated Press, Break.com, Revision3, ManiaTV, Fox, MTV, etc.
Transpera has also hired Brian Monnin as Chief Product Officer. Monnin is former VP of Publishing Products as Brightcove.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry