VHX, a New York City-based distribution platform for artists to sell videos from their websites, raised $3.2m in Series A financing.
The round was led by Union Square Ventures with participation from existing investors Lerer Ventures, Lowercase Capital and Alexis Ohanian and new investors William Morris Endeavor, John Maloney and Gunderson Dittmer. In conjunction with the funding, Union Square Ventures’ Andy Weissman joined VHX’s board of directors.
The company intends to use the funds to grow the team, open up its publishing platform, and launch apps for numerous devices.
Founded in 2011 by Casey Pugh and Jamie Wilkinson, VHX provides publishing tools for creators to sell videos from their own websites.
The platform has been used by artists like Aziz Ansari, Dave Grohl, Shane Carruth, and Ira Glass to release films, shorts, serials, collections, educational videos, etc.
Over the last year, the company has worked with companies like Drafthouse Films, Sundance Institute, the Kickstarter Film Festival, and Vice Media.
FinSMEs
30/08/2013