Raises $6.5 Million in Investment Round

Sep 29, 2011 raised $6.5 million in series B funding led by Azure Capital Partners. According to Gigaom, existing investor Draper Fisher Jurvetson also contributed to the funding round, which Twitvid says it will use toward building onto its team as well as developing its product and technology infrastructure.

Launched in May 2009, Twitvid has outlasted other sites with the same goal: to facilitate video sharing over social networks like Twitter or Facebook. This June, Twitter launched its own integrated image hosting and sharing application in partnership with Photobucket; there are no talks of an inherent integration with Twitvid at this time.