Intelligent Video Solutions Concludes $3.2Mn Pre-Series B Transaction
Summary
Opinions expressed by Entrepreneur contributors are their own.Video advertising enablement platform, Intelligent Video Solutions (iVS) recently announced its latest round in fund-raising of $3.2 million. The pre-Series B round, led by Tin Men Capital as well as notable investors such as Vulpes, Kickstart Ventures, and SGInnovate, will extend the platforms lead in Indonesia, the Philippines, Malaysia, and Thailand. "We were convinced by the iVS teams tremendous progress over the past year and see clear paths to fill in the gaps in the AVOD (advertising-based Video on Demand) market across the Asia Pacific. Working on a pure success-based business model, the company eradicates cost and traffic cannibalization barriers for publishers and broadcasters. Recently, the company also announced the launch of its in-stream video advertising marketplace in Southeast Asia which gives advertisers a single point-of-access to in-stream video inventory across top tier publishers in the region.Its clients include publishers such as Kompas Gramedia, Kapanlagi, ABS-CBN, The Manila Times, Mothership, and more as well as media agencies such as Publicis, Dentsu, IPG, and brands such as Disney Plus, Netflix, and Spotify.