Video sharing service Twitvid disclosed it had raised $6.5 million of Series B funding in a round led by Azure Capital Partners and with participation from existing investor Draper Fisher Jurvetson. The company said it will use the proceeds to build out the product and technology infrastructure, and to acquire the personnel necessary to do so.
Following this latest round of investment, Cameron Lester, general partner of Azure Capital will join Twitvid’s board of directors.
Twitvid enables users to post video to Twitter, using their existing Twitter login, from iPhones, BlackBerrys and Android devices, as well as from many different popular Twitter clients.
The company reports that its users include Justin Bieber, Tyra Banks, Lebron James, Paramount Pictures, Kevin Hart, A&E TV, New York Yankees, Al Gore and Style.com.
“We are excited to have Azure on board as a partner given their deep relationships and experience,” Mo Al Adham, CEO of Twitvid, said in a statement. “As the leading video service in the thriving Twitter ecosystem, our product hits the sweet spot between mobile, social and video, and this new capital is key to help us expand our product offering and continue our rapid growth.”
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Photo by flickr user pthread1981 (Jim Kelly), used under Creative Commons license
