The round was led by Upfront Ventures and Bertelsmann Digital Media Investments (BDMI), with participation from the Enterprise Fund at the John S. and James L. Knight Foundation.
The company will use the funds to further enhance its offering to publishers and producers, with planned product rollouts of additional social platforms, OTT technology and streaming video, and expand its offices in Toronto, Los Angeles and New York City.
Led by Garrick Tiplady, CEO, Vemba provides a platform which enables content publishers to directly control all components of video distribution, ingestion and monetization. Producers use Vemba to manage their direct syndication deals with other publishers, or distribute to a wide network of publishers without losing control over content usage and monetization.
Since the launch in 2015, the company has partnered with over 85 media company partners, including VICE, Condé Nast and Tribune.
FinSMEs
27/06/2016