March 18, 2010

Videoplaza raises 3.5 million euros from Creandum and Northzone

A little over two years ago Swedish Kanal 5 started using Videoplaza to manage its video advertising. After having spent time with the company's founders Sorosh, Alfred and Dante that spring, I was so impressed with them and their combination of business/sales focus, software development skills and vision that I asked to and was allowed to participate in Videoplaza's angel financing round and joined the company's board of directors.

After almost two years of seeing the business grow, with clients like TV4 Group (Sweden), Ekstrabladet (Denmark), La Vanguardia (Spain), (UK) and Incisive Media (UK), it feels good that Videoplaza can announce that VC firms Creandum and Northzone have invested 3.5 million euros in a Series A financing round. Read Sorosh's blog post Why we raise 3,5M EUR and what it means for our clients and the press release (pdf) for more information.

It's going to be great to see Sorosh, Alfred, Dante and the amazing team they've assembled continue to build a great service for publishers and a great company to work with and for. As Videoplaza is growing and looking for more employees, the company has move into a new Stockholm office (see video).

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