QuickPlay Media Inc. Closes $12 Million Funding Round

Jul 14, 2009

QuickPlay Media Inc., a provider of solutions that manage the business of mobile video, announced the closing of a private placement for US $12 million. The placement was led by GMP Securities L.P. and included participation from existing venture capital partners General Catalyst Partners, JLA Ventures, and Ventures West. The new investment will support the continued development of QuickPlay’s OpenVideo Platform and associated solutions including PrimeTime2Go. All of QuickPlay’s solutions are based on its OpenVideo platform, which connects an ecosystem of more than 150 content providers, 15 major mobile operators, and powers audio and video products that reach more than 100 million subscribers.