VideoEgg Video Publishing Receives Venture Funding
VideoEgg, a video publishing and sharing service providing easy to use publishing solutions for video bloggers and other web publishers has closed a round of venture capital with August Capital. VideoEgg‘s straightforward approach to online video publishing focuses on simplifying digital video, making it as easy to post videos to the web as it is to post photos on Flickr. Videos can be drag and dropped onto websites using this technology, transferring the videos directly from phones, camcorders, and computers.
David Hornik from August Capital will be joining VideoEgg’s Board of Directors. Early funding for VideoEgg was provided by First Round Capital prior to its launch at DEMOfall in September 2005.
“August Capital is a logical investor for us and we are thrilled to be working with them,” said Matt Sanchez, Co-Founder and CEO of VideoEgg, Inc. “The VideoEgg Publisher has received a very warm welcome and lots of positive feedback from partners and users across the industry. This investment will help accelerate our progress so we can bring our vision to market much more quickly.” Cliff Boro, Managing Partner of venture-development group CVT Ventures and VideoEgg’s Chairman added, “VideoEgg has been so fortunate to have First Round Capital as our seed investor and we are now delighted to welcome David Hornik and August Capital to our Board.”
The VideoEgg Publisher’s simplicity enables many new opportunities for online video publishing, such as adding video to classified ads, real estate sites, personal profiles on dating and social-networking sites, auction postings, as well as the abilty to now share a video with family and friends across the country or world.