Web Video Company Blip.tv Raises $10.1 Million

Blip.tv has closed on a $10.1 million third round in funding led by Canaan Partners. Bain Capital also participated in this round of funding. Blip.tv started in 2005 and plans to use the new round of funding to accelerate growth and expand content services. Blip.tv has about 44,000 indie video producers that use the service and distributes about 50,000 original web shows. Blip.tv receives about 90 million video views per month. [MediaPost]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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