Video advertising company Videoplaza has secured $12m in Series B funding to power product development and expand internationally.
The funding comes from two new investors – Innovacom (France) and Qualcomm Ventures (US), as well as existing investors, Northzone and Creandum.
The funding is to further accelerate Videoplaza’s aggressive global expansion and to ensure their continued product leadership as video advertising inventory rapidly expands to new devices and platforms.
Videoplaza has grown its international client base and delivered 5x greater ad serving volumes in the last year.
The company has opened new offices in Madrid, Berlin and Singapore, and serves a client base across 17 markets worldwide.
“We believe in picking sides and are 100% committed to the sell side, empowering broadcasters and publishers to effectively monetise their video inventory across any device or service. This investment allows us to further strengthen our commitment as we increase our R&D efforts and footprint to make sure our clients can build a sustainable business in a fast changing and ever more fragmented world,” commented Sorosh Tavakoli, CEO of Videoplaza.
“With the number of connected devices booming, the New IP-delivered TV is clearly one of the most disruptive markets right now”, Bruno Dizengremel, Partner, Innovacom. “Not only have Videoplaza managed to sign up a large and high profile client base, their technology is at the heart of the monetisation strategy for these broadcasters and premium publishers. Our investment in Videoplaza reflects the importance we place upon developing revenue-generating opportunities across the New TV. Technology platforms will be increasingly important achieving this”.
Videoplaza has received previous investment from venture capital firms Creandum and Northzone that also participated in the current investment round.