LiveClips has received new investments totaling $2.15 million over the past two months, CEO Lewis Bakes announced.
In February, LiveClips received a $1 million cash infusion in equal halves from Advantage/Ironwood funds and Connecticut Innovations, the state’s quasi-public authority responsible for technology-based economic development. That follows $1.15 million the company closed in late December from two funds focused on investing in Connecticut businesses and managed by Advantage Capital Partners and Ironwood Capital Connecticut of Avon, with participation from two private investors.
LiveClips creates, digitizes and delivers in real-time searchable, smart video clips to sports and fantasy league fans. The company said during the 2011 NCAA/BCS college football season it created 83,000 discrete video clips, with 6,887 distributed to fans who viewed them over 65 million times. ESPN and Major League Baseball also have worked with LiveClips.
Bakes added that LiveClips “is currently working to finalize contracts to deliver our service offering for soccer, golf, football, baseball and basketball in 2012 and 2013.”
Press release – http://tinyurl.com/7hs7cky
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