Vidly Raises $500,000 From Ron Conway, Other Investors

Vidly is a service that makes it simple to share videos through Twitter.  Recently the company announced that they have raised $500,000 from several investors, including Ron Conway.  Initially Vidly launched under the name TwitVid.io.  The service started this past May.

For the website to work, users visit the Vidly homepage.  On the Vidly homepage, users can login with their Twitter account and upload a video.  Users can e-mail a video clip to Vidly from their mobile phones too.

Chrys Bader, the CEO of Vidly said that the funding will be used to hire and pay for various costs.  Some of the costs will include domain names and legal fees.  The reason why Vidly changed their name from TwitVid.io is so that they can distinguish themselves from TwitVid.

Leo Laporte, who runs a show called TWiT.tv (This Week in Tech) also sent TwitVid.io a cease and desist letter.  “We wanted to open up our horizons and not get locked into Twitter,” said Bader. “We see a major opportunity to make video sharing easy for mobile.”

Related posts:

1. KODA Raises $3 Million From Angel Investors
2. Microsoft Raises $3.75 Billion By Selling Bonds To Investors
3. IBiquity Digital Corporation Raises $42 Million From Several Investors
4. Dopplr Raises Second Round From Plethora Of Investors
5. GMail Launches PDF Viewer