Conviva Secures $15,000,000 Series D Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=635d4b76-5048-4162-98e2-6f8e5be1564b&Preview=1
Date
2/6/2012
Company Name
Conviva
Mailing Address
Two Waters Park Drive San Mateo, CA 94403
Company Description
Conviva’s Coordinated Video Distribution System (CVDS) offers tremendous benefits to content owners and network service providers that are participating in the dramatic rise in Internet video traffic by providing cost reduction, improved scale, improved QOS and consumer experience, and other benefits.
Website
http://www.conviva.com
Transaction Type
Venture Equity
Transaction Amount
$15,000,000
Transaction Round
Series D
Proceeds Purposes
This latest round of funding will be used to accelerate Conviva’s growth in international markets and to expand their staff in order to meet the growing demand for their online video solutions.
M&A Terms
Venture Investor
Time Warner Investments
Venture Investor
Undisclosed