Friday, May 11, 2012

Viddy Confirms $30M Funding

Looking to become the next Instagram--but for video, instead--Los Angeles-based Viddy has just added $30M in funding to its warchest, confirming today reports that it has scored a huge new funding for the mobile video sharing site. Viddy said the Series B funding comes from New Enterprise Associates, Goldman Scahs, Khosla Ventures, and Battery Ventures. The round comes only four months after the firm close a $6M, Series A funding in February. Viddy is one of a number of contenders who provide sharing of video on mobile phones, and has been widely compared with Instagram, its equivalent for photos. More information »

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