New York
– Panvidea, a provider of on-demand video preparation, processing and
distribution services, has raised $2 million in its first round of venture capital
financing, led by DFJ Gotham Ventures.
Contour Venture Partners, eValue,
NYCSeed and Wider Wake Network also participated in the round.
Founded in 2007
as mPOINT, New York-based Panvidea provides encoding and other preparation
services for video set to be distributed on-demand.
The company will use the
funds for ongoing product development, and to re-launch the brand within the
market.
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