Twitvid, the popular online video sharing service that lets you post videos to Twitter and Facebook, announced this week that they raised $6.5 million of series B funding, led by Azure Capital Partners with participation from existing investor Draper Fisher Jurvetson. The money will be used to help TwitVid expand and to build out their existing product offering.
In a press release, Twitvid CEO Mo Al Adham said, “We are excited to have Azure on board as a partner given their deep relationships and experience. As the leading video service in the thriving Twitter ecosystem, our product hits the sweet spot between mobile, social and video, and this new capital is key to help us expand our product offering and continue our rapid growth.”
Twitvid has proven itself to be a top dog in the Twitter video space, rising above competitors. Where companies like 12seconds and Twiddeo have failed, Twitvid has stuck its neck out, thanks to its partnership with TweetDeck and its mobile apps, which let you upload and share video on Twitter and Facebook from pretty much anywhere.
In addition to the investment, general partner of Azure Capital Cameron Lester will be joining Twitvid’s board of directors. Azure has previously invested in and served as advisors to a variety of technology companies including VMware, Bill Me Later, and Top Tier.
Megan O’Neill is the resident web video enthusiast here at Social Times. Megan covers everything from the latest viral videos to online video news and tips, and has a passion for bizarre, original and revolutionary content and ideas.