Viddy, the mobile video-sharing company that became a Goodwin Procter client through Founder’s Workbench, recently received $30 million in financing from the sale of its series B preferred stock to a group of investors.
The investors include NEA, Goldman Sachs, Khosla Ventures, and Battery Ventures. The new wave of financing came just a few months after Viddy raised $6 million in Series A financing in February.
“Securing this additional growth capital at such a critical and exciting time was incredibly significant for our client. We’re looking forward to helping Viddy continue to make great strides in the mobile video-sharing marketplace,” said Anthony McCusker, head of the Goodwin team that advised Viddy on this latest financing.
At just over a year old, the iPhone and Facebook Timeline app developer — which is being called “Instagram for video” — has seen its number of users skyrocket from 10 million to more than 27 in the span of two weeks, adding a half million new registered users per day. Users can post videos up to 15 seconds long to share with friends on Facebook, Twitter, Tumblr and YouTube.
The investors include NEA, Goldman Sachs, Khosla Ventures, and Battery Ventures. The new wave of financing came just a few months after Viddy raised $6 million in Series A financing in February.
“Securing this additional growth capital at such a critical and exciting time was incredibly significant for our client. We’re looking forward to helping Viddy continue to make great strides in the mobile video-sharing marketplace,” said Anthony McCusker, head of the Goodwin team that advised Viddy on this latest financing.
At just over a year old, the iPhone and Facebook Timeline app developer — which is being called “Instagram for video” — has seen its number of users skyrocket from 10 million to more than 27 in the span of two weeks, adding a half million new registered users per day. Users can post videos up to 15 seconds long to share with friends on Facebook, Twitter, Tumblr and YouTube.