Vuclip raises $13mn funding

Vuclip, mobile video and media company, has raised $13 million in Series D funding led by SingTel Innov8, a new strategic investor and existing investors NEA and Jafco Ventures. Vuclip intends to utilize the funds to meet tremendous global demand particularly in Asia, the Middle East and Latin America, as well as to further innovation around Vuclip’s media and advertising platform.

“We believe that growth in mobile video is being driven by three major factors: the spread of low cost smart phones, rapid growth of mobile-only internet users and demand for compelling content. We see this happening in emerging markets in ways that are different compared to developed markets,” said Nickhil Jakatdar, CEO, Vuclip. He added, “This is very much informing our vision and strategy for reaching consumers, carriers, content providers and advertisers worldwide as a media platform and we believe we are on a unique, global path to success.”

Vuclip has enabled Associated Press and UTV to benefit from being able to monetize quality mobile content while reaching as many viewers as possible. The company has facilitated Cadbury Silk and Samsung to branch out into the burgeoning mobile video advertising space. Through partnering with operators such as Vodafone and Airtel worldwide, Vuclip has offered incremental revenue opportunities, reduced tolls on data load in the face of growing mobile media consumption and custom products.