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2012-12-20

Video ad network Vdopia raises $3.4 m in funding

Video advertisement delivery firm, Vdopia has reportedly raised $3.4 million in a series B round, as per a filing with the Securities and Exchange Commission (SEC).

Video advertisement delivery firm, Vdopia has reportedly raised $3.4 million in a series B round, as per a filing with the Securities and Exchange Commission (SEC).

The Silicon Valley-based company has also stated in the filing that it is looking to raise a total $7.4 million from investors through Series B preferred stock which is convertible to common stock.

Vdopia had earlier raised an undisclosed amount in seed round from Nexus Venture Partners in 2008 and $4 million from the same investor in October 2009.

Vdopia’s platform, used by brands such as HP, eBay and Idea Cellular delivers solutions with efficient integrations to monetize inventory for publishers and app developers.

Vdopia, in India has clientele including NDTV, ICICI, Rediff.com, IBNLive, CricketNext, Zapak and BigFlix.

Founded by Stanford and IIT graduates, Vdopia has sales and development offices at San Jose, CA in the US and Gurgaon and Mumbai in India.

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