Vuclip Secures $13M in Series D Funding From SingTel Innov8, Jafco
Ventures and NEA
World's Largest Independent Mobile Video and Media Company Reaches 45
Million Monthly Active Users
MILPITAS, CA -- (Marketwire) -- 11/14/12 -- Vuclip, the world's
largest independent mobile video and media company, has raised $13
million in Series D funding led by SingTel Innov8, a new strategic
investor, and existing investors NEA and Jafco Ventures. The funds
raised will be used to meet tremendous global demand particularly in
Asia, the Middle East and Latin America, as well as to further
innovation around Vuclip's media and advertising platform.
The rapid growth of Vuclip in the past year includes achievements
such as hitting 45 million monthly active unique users and 1.2
billion minutes of video viewing per month, as well as approaching a
double-digit million-dollar revenue run-rate. Additionally, the
company has introduced an iOS app as part of a complementary app and
browser strategy to address the needs of all mobile video viewers no
matter the device or quality of network they are on.
"We believe that growth in mobile video is being driven by three
major factors: the spread of low cost smart phones, rapid growth of
mobile-only internet users and demand for compelling content. We see
this happening in emerging markets in ways that are different
compared to developed markets," said Nickhil Jakatdar, CEO, Vuclip.
"This is very much informing our vision and strategy for reaching
consumers, carriers, content providers and advertisers worldwide as a
media platform and we believe we are on a unique, global path to
The Benefits of Vuclip
With Vuclip, 45 million monthly active users worldwide enjoy a
consistent mobile video experience regardless of the model of device
they own. Vuclip has pioneered ease of sharing across more than 5,500
different models of handsets and tablets, as well as compression of
files by up to 80 percent, reducing the consumption of data in the
newly capped mobile data plans.
Via Vuclip, global and regional content providers such as AP
(Associated Press) and UTV benefit from being able to monetize
quality mobile content while reaching as many viewers as possible.
Also, global brands such as Cadbury Silk and Sam
sung are able to
branch out successfully into the burgeoning mobile video advertising
space, gaining exposure to consumers who are highly engaged and
within the right, tailored context for the brand.
Additionally, Vuclip partners with operators such as Vodafone and
Airtel worldwide, offering incremental revenue opportunities, reduced
tolls on data load in the face of growing mobile media consumption
and custom products.
Commentary from Vuclip Investors
"Innov8 is focused on identifying the next generation of leaders in
enterprise, network and digital media," said Jeff Karras, Managing
Director, SingTel Innov8. "Vuclip has built an impressive user base,
monetization strategy, and management team and is truly emerging as a
leading mobile media company."
"Most of the world's first internet experience is on a cell phone,"
said Nick Sturiale, General Partner, Jafco Ventures. "Vuclip is the
fastest growing video service since YouTube, but has much better
engagement. The company is poised to be a dominant global media
"Today consumers have nearly unlimited options in how they spend time
on their mobile devices, and Vuclip is clearly delivering content
that consumers want to engage with," said Rohini Chakravarthy,
Partner, NEA. "Sixty-five percent of videos consumed via Vuclip are
shared -- this is an extraordinary rate of social sharing, and it's
driving tremendous growth in the company."
For millions of people around the world, Vuclip is an
essential part of their daily lives. Vuclip serves video on-the-fly,
on any device, and in any country, providing unparalleled reach for
its partners. Every day Vuclip delivers more than 20 million videos
to consumers all over the world. Vuclip is headquartered in Milpitas,
California with offices in New Delhi, Mumbai, Singapore, Dubai,
Shenzhen and Beijing. Check out Vuclip on your phone: m.vuclip.com.
For more details, please contact:
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