VSocial, a provider of online video services, raises single-digit millions

vSocial, a Tempe, Arizona company that provides a way for companies to host video services on their Web sites, along with social networking components, said it has raised a second round of funding.

 

The round was led by Phoenix-based Biltmore Ventures and previous vSocial investor Consor Capital.  vSocial had previously raised $1.5M.

  
The company says it serves companies like UPS, Disney and Fosters, but is not yet profitable.

 


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Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.

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