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Videos are quite literally taking over the Internet. Video ad network YuMe filed for an IPO, Justin.tv is raising $20 million, and a mobile-first video startup called Epoch launched out of beta. In 2010, video comprised a majority of costumer Internet traffic for the first time, making up 53 percent of all uploads and downloads. Cisco predicted in its Visual Networking Index that video traffic would more than quadruple by 2015 and the Internet will be two-thirds made up of video. Accordingly video startups have raised quite a bit of money recently, and popular social media sites like Facebook/Instagram and Twitter/Vine are hopping on the video train. Video isn’t only killing the radio star. It’s impacting traditional advertising, entertainment, and social media as well.
YuMe files for $65M IPO as video ad market continues to soar
Video ad network YuMe is going public. The startup filed for a $65 million initial public offering today. YuMe provides digital video advertising technology that pairs online videos with relevant audiences across multiple channels. The software also collects data from every campaign and analyzes it so brands and publishers can target the right audiences and optimize their ad budgets. YuMe launched in 2007 and has raised $72.9 million to date from Accel Partners, BV Capital, DAG Ventures, Intel Capital, Khosla Ventures, Menlo Ventures, Samsung Venture, and Translink Capital. Read more on VentureBeat.
SigFig nabs $15M to help you manage your investments
SigFig, the startup that offers financial education and money-management tools, has gained a further $15 million in venture funding. SigFig has developed full set and suite of mobile apps to help you manage your investments. The service is geared toward inexperienced investors, who often can’t afford a financial adviser, and uses detailed visualizations and graphs to help you understand your portfolio. Union Square Ventures and Bain Capital Ventures led the round with participation from existing investors DCM. Read more on VentureBeat.
Viral video startup Justin.tv raising $20M round of funding
Justin.tv has raised $8.3 million of an intended $20 million funding round. Justin.tv is a startup that offers a live-stream video platform for users to create and share videos. It was one of the first live streaming platforms and continues to be one of the most popular. The company spun-off competitive gaming channel called Twitch and social video app Socialcam. Existing investors Stewart Alsop of Alsop Louie Partners and Ethan Kurzweil of Bessemer Venture Partners are listed on the form as well as Chris Paik of Thrive Capital. Justin.tv has raised $24 million to date. Read more on VentureBeat.
Basno raises $1M to reward you for life
Basno has raised $1 million for its site where people can create and collect digital badges to recognize accomplishments, skills, commitments, and expertise. The New York startup also has a Basno for businesses product, and brands like Virgin America and Tough Mudder can post badges for specific achievements. Investors include include Index Ventures, RRE Ventures, Mesa, Plough Penny Partners, and Empire Angels.
Mingyian raises $500K to send Chinese teenage
Mingyian has raised $500K for its platform that connects western celebrities and influencers with China. The company helps US celebrities grow and monetize their presence in China. China has approximately 600 million Internet users and an audience that loves celebrities and e-commerce. RRE Ventures, #DominateFund, and M. Night Shymalan invested in this seed round.
Pakistani startup releases iPad app for DIY projects
Pakistani startup iKnowl has raised $175K in seed funding from Kima Ventures. The company claims to be the only startup from Pakistan that has raised funding from an international venture capital firm. Its first product is called Artsly — an iPad app for discovering arts-and crafts video lessons.