Vantrix Closes $4.5M Venture Loan from NXT Capital
Summary
Vantrix, a Montreal, Canada-based provider of message and video bandwidth optimization solutions for carriers, ISPs and enterprises, closed a a $4.5m venture loan from NXT Capital.The company intends to use the capital for strategic growth initiatives.Led by Jim Knapik, Chief Executive Officer, Vantrix provides bandwidth optimization platforms designed to help carriers, ISPs and enterprises to dynamically adjust video traffic to meet the constraints of their existing networks while maintaining end-user quality.The company, which has products deployed on 75+ mobile networks and five continents, is backed by Summerhill Venture Partners, Tudor Growth Equity, BDC Capital and JK&B Capital, among others.FinSMEs 27/03/2013
Funding
Amount
$4.5M
Total raised
Date
March 27, 2013
Announcement date
Investors
NXT Capital
Lead investors
Company
http://www.vantrix.com
Funded company
Classifications
industries
Aerospace
applications
Accounting and Taxes
AskAI Classifications
Labels
Media Software
Video Processing Software
SaaS
Linked Companies
Vantrix
$5M to $10M