Transpera Rakes in $8.25M Series B
ADOTAS – Mobile video platform Transpera has just completed a second round of financing that totals $8.25 million. New investors including Labrador Ventures, which joined the round led by Flybridge Capital Partners, participated. All previous investors, which include Flybridge Capital Partners, Intel Capital and First Round Capital, also added cash to Transpera’s coffers.
Transpera was founded in 2007 and operates an ad-supported mobile video delivering platform for news and entertainment brands such as AccuWeather.com, CBS News, the Associated Press, Discovery Communications, MTV Networks, Break.com and many more. The company will use the new funding, which includes debt financing from Silicon Valley Bank, a member company of SVB Financial Group, to help it expand product lines and service customers.
Last year, total mobile Web users grew by 23 million, and this number will rise at a steady pace. According to Nielsen’s recent Three Screen Report on Television, Internet and Mobile Usage in the US (May 2008), as of Q1 2008, 91 million Americans (36% of all mobile phone subscribers in the U.S.) owned a video-capable phone. In addition, 95 million persons (37% of U.S. mobile subscribers) subscribed to mobile Internet as part of their mobile data plan in Q1 2008, a significant platform for mobile video consumption.
Reader Comments.
We are seeing more and more clever applications that require the mobile internet. The 37% statistic is impressive and will continue to grow, thus making it more critical that businesses get online with mobile web sites.
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