Eyeing IPO, Brightcove Raises Yet More Money
Summary
Brightcove raises another $12 million in Series D funding from Accel Partners and General Catalyst Partners. The round lifts the company’s total funding to $103 million. The article also notes that Brightcove is preparing for a possible IPO and expects to generate about $50 million in revenue this year. That combination of fresh capital and a public-market path makes this a noteworthy SaaS and online video platform financing event.
Funding
Amount
$12.0M
Total raised
Date
April 6, 2010
Announcement date
Investors
Old Lane, IAC, Accel, General Electric, Ozie Group LLC, Nautilus by AOL, General Catalyst, Chelsey Capital
Lead investors
Company
brightcove.com
Funded company
Classifications
industries
Media and Publishing
applications
Web and Content Management
AskAI Classifications
Labels
SaaS
Video Software
Streaming Media Platforms
Linked Companies
Brightcove
$100M to $250M