Grab Networks Raises $12 Million For Video Syndication

This story was written by Joseph Tartakoff.
Grab Networkswhich helps media companies monetize their video content onlinehas raised $12 million in a round of debt and equity funding from existing investors, including Softbank Capital, SCP Capital, Longworth Venture Partners and Court Square Partners. Grab Networks was formed last September when Anystream purchased Voxant. Both companies had already raised significant amounts of funding prior to the merger. Voxant got $10.5 million in 2006, while Anystream had raised more than $44 million since 2000. Grab Networks said it would use the new funds to expand a suite of hosted services that power "multi-outlet video syndication." Release.

By Joseph Tartakoff