Jan. 17, 2007 — Brightcove announced today the closing of a $59.5 million strategic funding round that will allow the Internet TV company to accelerate international expansion and solidify a market leading position as the Internet TV market matures and consolidates in the coming year.
Led by AllianceBernstein L.P., Brookside Capital LLC and Maverick Capital, Ltd., the funding round also includes investments from The New York Times Company,Transcosmos Investments & Business Development, Inc., AOL, Accel Partners, General Catalyst Partners, The Hearst Corporation and IAC/InterActive Corp. Morgan Stanley and Allen & Company served as placement agents for the financing.
Goodwin Procter represented Brightcove in this transaction.