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November 2008
NY-based Magnify.net has announced a new round of funding today. The amount of the funding was not disclosed - CEO Steve Rosenbaum told me the amount is in the "high six figures". Previous investors RoseTech Ventures, NextStage Capital, Ogden Capital returned and Innovation Ventures has joined the round of funding. David J. Freschman, Managing Principal of Innovation Ventures will join the Magnify.net Board of Directors.
Magnify.net offers three tiers of service on their video platform: free, professional and enterprise-level service. Magnify self-reports 46,000 web publishers using their video platform.
Magnify.net previously raised $2.2 million in funding. Back in September, Magnify launched their MVP video player. [MORE »]
Magnify.net offers three tiers of service on their video platform: free, professional and enterprise-level service. Magnify self-reports 46,000 web publishers using their video platform.
Magnify.net previously raised $2.2 million in funding. Back in September, Magnify launched their MVP video player. [MORE »]
Magnify.net Raises $750K For Web Video Service
Dan Frommer | November 25, 2008
NYC-based Web video startup Magnify.net has raised about $750,000 in Series A1 financing. This is in addition to the $1 million it raised in February. Innovation Ventures led the round, and all major investors returned, including RoseTech Ventures, NextStage Capital, Ogden Capital, and individual angel investors. Magnify also took on some debt issued by Vencore.
What's Magnify.net? A service to add video to your Web site, including:
* Videos you make and host with Magnify.
• Videos from around the Web (YouTube, Hulu, Howcast, etc.) that you embed via Magnify's back-end.
• Videos that your users submit and host with Magnify.
One way to think about Magnify is as a simpler version of Brightcove, which has abandoned its free products to focus on high-end media clients. Magnify uses Amazon Web services to deliver its videos.
Magnify's clients include Taste of Home Magazine, which uses Magnify to power its Web video site. All told, almost 47,000 sites use Magnify, which is on track for 30 million video impressions this month.
Magnify.net has about ten employees and aims to be cash flow break-even next year on about $1 million of revenue. It'll use the money to keep building its Web video service, potentially expanding its sales department. [MORE »]
NYC-based Web video startup Magnify.net has raised about $750,000 in Series A1 financing. This is in addition to the $1 million it raised in February. Innovation Ventures led the round, and all major investors returned, including RoseTech Ventures, NextStage Capital, Ogden Capital, and individual angel investors. Magnify also took on some debt issued by Vencore.
What's Magnify.net? A service to add video to your Web site, including:
* Videos you make and host with Magnify.
• Videos from around the Web (YouTube, Hulu, Howcast, etc.) that you embed via Magnify's back-end.
• Videos that your users submit and host with Magnify.
One way to think about Magnify is as a simpler version of Brightcove, which has abandoned its free products to focus on high-end media clients. Magnify uses Amazon Web services to deliver its videos.
Magnify's clients include Taste of Home Magazine, which uses Magnify to power its Web video site. All told, almost 47,000 sites use Magnify, which is on track for 30 million video impressions this month.
Magnify.net has about ten employees and aims to be cash flow break-even next year on about $1 million of revenue. It'll use the money to keep building its Web video service, potentially expanding its sales department. [MORE »]
Custom Video Pages - Magnify.net - Raise $750K
November 25th, 2008
by Michelle Lentz
Magnify.net is a service that allows you to create your own video channel, showcasing videos from across the Web, as well as your own Webcam captures. Magnify offers a free version and a more in-depth Pro version for content enthusiasts, online communities, and small businesses. Additionally, Magnify offers an Enterprise version for larger corporations.
For most of us though, Free is all we need. The free version allows you to build your channel, capture videos from your webcam, find videos from the more popular video sharing sites, and social networking integration. There is also an ad inventory share of 50/50, which is nice. With the free version, you retain control over your site name, URL, and design (including CSS) and can upload twenty 50-MB files per week.
The startup has raised about $750,000 in Series A1 financing, in addition to $1 million raised earlier this year. According to the Silicon Valley Insider,
Innovation Ventures led the round, and all major investors returned, including RoseTech Ventures, NextStage Capital, Ogden Capital, and individual angel investors. Magnify also took on some debt issued by Vencore.
Magnify’s clients include Taste of Home Magazine, which uses Magnify to power its Web video site. All told, almost 47,000 sites use Magnify, which is on track for 30 million video impressions this month.
Magnify.net has around 10 employees and is based in New York City. [MORE »]
by Michelle Lentz
Magnify.net is a service that allows you to create your own video channel, showcasing videos from across the Web, as well as your own Webcam captures. Magnify offers a free version and a more in-depth Pro version for content enthusiasts, online communities, and small businesses. Additionally, Magnify offers an Enterprise version for larger corporations.
For most of us though, Free is all we need. The free version allows you to build your channel, capture videos from your webcam, find videos from the more popular video sharing sites, and social networking integration. There is also an ad inventory share of 50/50, which is nice. With the free version, you retain control over your site name, URL, and design (including CSS) and can upload twenty 50-MB files per week.
The startup has raised about $750,000 in Series A1 financing, in addition to $1 million raised earlier this year. According to the Silicon Valley Insider,
Innovation Ventures led the round, and all major investors returned, including RoseTech Ventures, NextStage Capital, Ogden Capital, and individual angel investors. Magnify also took on some debt issued by Vencore.
Magnify’s clients include Taste of Home Magazine, which uses Magnify to power its Web video site. All told, almost 47,000 sites use Magnify, which is on track for 30 million video impressions this month.
Magnify.net has around 10 employees and is based in New York City. [MORE »]
After raising a million dollars in February, the Web video startup, Magnify.net has raised $750,000 in series A funding. The round was led by Innovation Ventures along with the return of major investors including NextStage Capital, Ogden Capital. The service enables users to add videos to ones site including those ones it creates and hosts at Magnify.
[MORE »]
Magnify.net Closes A1 Financing
As video solutions companies move from early video 1.0 platforms to integrated video 2.0 solutions - Magnify.net continues to build on significant growth, adding customers in its three tiers of service a). Free, b) Pro and c) Enterprise.
Today Magnify.net CEO Steven Rosenbaum announced that they had closed the A1 round of financing, bringing all of the major investors back in and adding a new institutional investor to the group.
"We are very proud to announce that the Innovation Ventures, LP has joined in this round of financing" said Steven Rosenbaum. "Innovation Ventures is lead by David Freschman, a long standing leader in the Northeast's venture community and the Founder and President of Early Stage East, the largest regional early stage venture capital conference hosted annually each year in the Mid-Atlantic region." Innovation Ventures has a 10 year history of taking strategic and early stakes in emerging venture back companies in the northeast.
Innovation Ventures is a licensed SBIC venture capital fund focused on investment opportunities in emerging technology businesses. Innovation Ventures, L.P. was formed by a team of seasoned venture managers and investors who have a ten year history of successfully investing in and working with leading-edge technology entities throughout the Mid-Atlantic region. The Fund expects to achieve superior financial results by focusing in select industries and utilizing the fundamental principles of building sustainable businesses. The Fund invests in very targeted areas including information technology focused on financial institutions and governance, specialty chemicals and materials and internet technologies.
David J. Freschman, the Managing Principal of Innovation Ventures, LP will join the Magnify.net Board of Directors. "Innovation Ventures is thrilled to have had the opportunity to invest in Magnify.net. Magnify represents the type of leading company changing the way that video can be deployed easily and most effectively throughout the web", said Mr. Freschman.
Mr. Freschman is active in the venture and entrepreneurial communities throughout the East Coast, sits on a number of Boards, and has been a frequent lecturer on such topics at The White House Conference on Small Business, The Wharton School of the University of Pennsylvania, Temple University, the University of Delaware, Goldey-Beacom College, and Loyola College in Baltimore. He is the creator and founder of Early Stage East - the premier early stage venture capital fair on the East Coast. Mr. Freschman serves on Governor Ruth Ann Minners Strategic Economic Council for the State of Delaware and was appointed to chair the venture capital study for the State. Mr. Freschman also served a three-year term through 2002 representing New Castle County, Delaware on the Small Business Advisory Council of the Federal Reserve Bank of Philadelphia.
Returning investors include RoseTech Ventures, NextStage Capital, Ogden Capital, as well as a number of individual angel investors. Said CEO Rosenbaum of the financing, we're impressed with the focus and seriousness of this group of investors - they've provided the company with far more than financing, and that is what companies always hope for from a Board of Directors. Now with the addition of David Freschman, we get a seasoned new investor with a great set of companies and relationships to help the continued growth of the company. We're excited to have him on board. In addition, Vencore Capital participated with a related Venture Debt financing.
About Innovation Ventures, L.P.
Innovation Ventures, LP (IV) is an SBIC venture capital fund headquartered in Wilmington, DE and with offices in Lancaster, PA. IV is focused on growth and early-stage investments in the areas of chemicals and materials; electronic materials and devices; information technology; nanotechnology; software; biotechnology (excluding human therapeutics); and business information services related to the legal, financial services and manufacturing industries. Innovation Ventures invests $250,000 to $1 million in early and growth stage companies primarily located in the Mid-Atlantic region. The Innovation Ventures, LP website can be found at www.innovationventures.com.
About Magnify.net Magnify.net lets publishers immediately deploy a Media 2.0 strategy by enabling them to leverage their existing video assets and combine them with those created and uploaded by their community from across the social Web - all in one place, through one easy to deploy video player, uploader, and viewer. It provides a cost effective and automated service that features and delivers a unique and engaging video mix. The platform currently serves 46,000 web publishers. www.Magnify.net [MORE »]
As video solutions companies move from early video 1.0 platforms to integrated video 2.0 solutions - Magnify.net continues to build on significant growth, adding customers in its three tiers of service a). Free, b) Pro and c) Enterprise.
Today Magnify.net CEO Steven Rosenbaum announced that they had closed the A1 round of financing, bringing all of the major investors back in and adding a new institutional investor to the group.
"We are very proud to announce that the Innovation Ventures, LP has joined in this round of financing" said Steven Rosenbaum. "Innovation Ventures is lead by David Freschman, a long standing leader in the Northeast's venture community and the Founder and President of Early Stage East, the largest regional early stage venture capital conference hosted annually each year in the Mid-Atlantic region." Innovation Ventures has a 10 year history of taking strategic and early stakes in emerging venture back companies in the northeast.
Innovation Ventures is a licensed SBIC venture capital fund focused on investment opportunities in emerging technology businesses. Innovation Ventures, L.P. was formed by a team of seasoned venture managers and investors who have a ten year history of successfully investing in and working with leading-edge technology entities throughout the Mid-Atlantic region. The Fund expects to achieve superior financial results by focusing in select industries and utilizing the fundamental principles of building sustainable businesses. The Fund invests in very targeted areas including information technology focused on financial institutions and governance, specialty chemicals and materials and internet technologies.
David J. Freschman, the Managing Principal of Innovation Ventures, LP will join the Magnify.net Board of Directors. "Innovation Ventures is thrilled to have had the opportunity to invest in Magnify.net. Magnify represents the type of leading company changing the way that video can be deployed easily and most effectively throughout the web", said Mr. Freschman.
Mr. Freschman is active in the venture and entrepreneurial communities throughout the East Coast, sits on a number of Boards, and has been a frequent lecturer on such topics at The White House Conference on Small Business, The Wharton School of the University of Pennsylvania, Temple University, the University of Delaware, Goldey-Beacom College, and Loyola College in Baltimore. He is the creator and founder of Early Stage East - the premier early stage venture capital fair on the East Coast. Mr. Freschman serves on Governor Ruth Ann Minners Strategic Economic Council for the State of Delaware and was appointed to chair the venture capital study for the State. Mr. Freschman also served a three-year term through 2002 representing New Castle County, Delaware on the Small Business Advisory Council of the Federal Reserve Bank of Philadelphia.
Returning investors include RoseTech Ventures, NextStage Capital, Ogden Capital, as well as a number of individual angel investors. Said CEO Rosenbaum of the financing, we're impressed with the focus and seriousness of this group of investors - they've provided the company with far more than financing, and that is what companies always hope for from a Board of Directors. Now with the addition of David Freschman, we get a seasoned new investor with a great set of companies and relationships to help the continued growth of the company. We're excited to have him on board. In addition, Vencore Capital participated with a related Venture Debt financing.
About Innovation Ventures, L.P.
Innovation Ventures, LP (IV) is an SBIC venture capital fund headquartered in Wilmington, DE and with offices in Lancaster, PA. IV is focused on growth and early-stage investments in the areas of chemicals and materials; electronic materials and devices; information technology; nanotechnology; software; biotechnology (excluding human therapeutics); and business information services related to the legal, financial services and manufacturing industries. Innovation Ventures invests $250,000 to $1 million in early and growth stage companies primarily located in the Mid-Atlantic region. The Innovation Ventures, LP website can be found at www.innovationventures.com.
About Magnify.net Magnify.net lets publishers immediately deploy a Media 2.0 strategy by enabling them to leverage their existing video assets and combine them with those created and uploaded by their community from across the social Web - all in one place, through one easy to deploy video player, uploader, and viewer. It provides a cost effective and automated service that features and delivers a unique and engaging video mix. The platform currently serves 46,000 web publishers. www.Magnify.net [MORE »]
Press Release , November 04, 2008
MAGNIFY.Net to power Behind the Burner's tasty new culinary site.
Tuesday, November 4th, 2008
New York - Magnify.net, the leading Video Search and Integration Platform for Mid-Market Publishers, announced that it is powering video for the web's newest site for food and wine enthusiasts - Behind the Burner.
If food and wine are your favorite four-letter words, Behind the Burner will spice up your daily dining experience.
Magnify.net will provide video encoding, storage and delivery for the membership site. In addition, Magnify.net will provide video discovery, aggregation, and curation tools for the site.
Behind the Burner couples educational and entertaining content with commerce specials. Contrary to the existing user generated food media sites on the Internet, Behind the Burner relies on culinary experts to give their best tips, tricks and techniques. Todd English (Chef/Owner of Olives), Alfred Portale (Chef/Owner Gotham Bar and Grill) and John DeLucie (Chef/Owner The Waverly Inn) are among the visionaries featured on the site.
Said Divya Gugnani CEO/Founder of Behind The Burner, "We were looking for a solution that could support a high quality site that includes both our own exclusive video content as well as the best of the web around cooking, wine and nutrition videos. Magnify.net is a dream come true. Our developers were able to integrate with APIs and our team can manage the content easily. Best of all, the video platform is flexible and reasonably priced."
"Unlike the traditional fare served up by existing food media sites and recipe libraries, Divya and her team are giving members instant access to world-class professionals who are changing the way we think about food and beverages" said Steven Rosenbaum, CEO of Magnify.net. " We're extremely proud to be working hand in hand with them to change the culinary landscape on the Internet and create a video platform that allows for a world-class experience."
"There couldn't be a better time for us to launch this business," said Behind the Burner COO, Caroline Alexa McBride. "Studies show that 43% of consumers are dining out less and cooking more at home. Also, according to recent surveys 40% of shoppers claim that sales and promotions are the largest factors when determining where to shop."
"We have been continually impressed by the quality and knowledge that Behind the Burner brings to the space" said Magnify.net CEO Steven Rosenbaum. "We think that high-quality expert-based content is a powerful new model that Divya and her team will bring to a hungry audience of over 60 million Americans who visit food media sites monthly."
As web content sites shift from a publishing model to a "curation" platform business, Magnify.net is at the forefront of the curation revolution. Magnify.net is helping publishers capture and grow new audiences by inviting and giving them the tools to become content curators and publishers.
About Magnify.net
Magnify.net lets publishers immediately deploy a Media 2.0 strategy by enabling them to leverage their best assets and combine them with those curated and uploaded by their community from across the social Web – all in one place, through one easy to deploy video player, uploader, and viewer. It provides a cost-effective and automated service that features and delivers a unique and engaging video mix. The platform currently serves 35,000 web publishers. www.Magnify.net
About Behind the Burner
Behind the Burner is an online destination that showcases culinary professionals and experts including master chefs, restaurateurs, mixologists, sommeliers, nutritionists, and other visionaries. These experts provide members with a hearty portion of easy-to-digest tips, tricks and techniques that melt kitchen anxiety like butter. Behind the Burner features exclusive offers for gourmet food, beverages, hand-signed cookbooks and cookware- at membership prices with membership privileges. Membership is FREE. www.behindtheburner.com [MORE »]
New York - Magnify.net, the leading Video Search and Integration Platform for Mid-Market Publishers, announced that it is powering video for the web's newest site for food and wine enthusiasts - Behind the Burner.
If food and wine are your favorite four-letter words, Behind the Burner will spice up your daily dining experience.
Magnify.net will provide video encoding, storage and delivery for the membership site. In addition, Magnify.net will provide video discovery, aggregation, and curation tools for the site.
Behind the Burner couples educational and entertaining content with commerce specials. Contrary to the existing user generated food media sites on the Internet, Behind the Burner relies on culinary experts to give their best tips, tricks and techniques. Todd English (Chef/Owner of Olives), Alfred Portale (Chef/Owner Gotham Bar and Grill) and John DeLucie (Chef/Owner The Waverly Inn) are among the visionaries featured on the site.
Said Divya Gugnani CEO/Founder of Behind The Burner, "We were looking for a solution that could support a high quality site that includes both our own exclusive video content as well as the best of the web around cooking, wine and nutrition videos. Magnify.net is a dream come true. Our developers were able to integrate with APIs and our team can manage the content easily. Best of all, the video platform is flexible and reasonably priced."
"Unlike the traditional fare served up by existing food media sites and recipe libraries, Divya and her team are giving members instant access to world-class professionals who are changing the way we think about food and beverages" said Steven Rosenbaum, CEO of Magnify.net. " We're extremely proud to be working hand in hand with them to change the culinary landscape on the Internet and create a video platform that allows for a world-class experience."
"There couldn't be a better time for us to launch this business," said Behind the Burner COO, Caroline Alexa McBride. "Studies show that 43% of consumers are dining out less and cooking more at home. Also, according to recent surveys 40% of shoppers claim that sales and promotions are the largest factors when determining where to shop."
"We have been continually impressed by the quality and knowledge that Behind the Burner brings to the space" said Magnify.net CEO Steven Rosenbaum. "We think that high-quality expert-based content is a powerful new model that Divya and her team will bring to a hungry audience of over 60 million Americans who visit food media sites monthly."
As web content sites shift from a publishing model to a "curation" platform business, Magnify.net is at the forefront of the curation revolution. Magnify.net is helping publishers capture and grow new audiences by inviting and giving them the tools to become content curators and publishers.
About Magnify.net
Magnify.net lets publishers immediately deploy a Media 2.0 strategy by enabling them to leverage their best assets and combine them with those curated and uploaded by their community from across the social Web – all in one place, through one easy to deploy video player, uploader, and viewer. It provides a cost-effective and automated service that features and delivers a unique and engaging video mix. The platform currently serves 35,000 web publishers. www.Magnify.net
About Behind the Burner
Behind the Burner is an online destination that showcases culinary professionals and experts including master chefs, restaurateurs, mixologists, sommeliers, nutritionists, and other visionaries. These experts provide members with a hearty portion of easy-to-digest tips, tricks and techniques that melt kitchen anxiety like butter. Behind the Burner features exclusive offers for gourmet food, beverages, hand-signed cookbooks and cookware- at membership prices with membership privileges. Membership is FREE. www.behindtheburner.com [MORE »]
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