JW Player, the advanced media player, has raised $20M in a Series D round led by Greycroft Partners and support from e.ventures, Cue Ball and Greenspring Associates. CEO Dave Otten has raised $45.6M over 4 rounds to date.
"With millions of customers, JW Player is among the most recognized names in digital video," said Ian Sigalow, Partner and co-founder at Greycroft. "The company has consistently demonstrated an ability to stay a step ahead of the market, a difficult feat in such a rapidly-changing marketplace. We see an enormous opportunity ahead of us in both our core SaaS business as well as in future media offerings, and are very excited to deepen our partnership with the company through this investment."
Digital video platform JW Player has completed a $20 million Series D financing. The funding was led by its existing investors, which include Greycroft Growth, Greenspring Associates, Cueball Capital and e.ventures. Proceeds from the round will be used to accelerate the introduction of data-informed SaaS products and drive international sales and marketing expansion. JW Player previously raised a $20 million Series C round in September 2014 that valued it at $65 million.
The player was first used by YouTube in its early days prior to its acquisition by Google. Since then, it has risen in popularity among independent publishers such as Popsugar (pictured) and Hearst. It primarily generates revenue through licensing its software, as well as by providing data-driven solutions to help clients monetize through video. Brian Rifkin, co-founder of JW Player, told StreamDaily 2015 was a big year for JW player. Its latest iteration, JW7 was introduced, and the player surpassed one billion unique monthly viewers through its various publishers. “Viewers watched more than 750 million hours of video,” said Rifkin. “It’s the equivalent of 85,000 years.”
JW Player, a digital and mobile video platform and player company, has raised a $20 million “D” round of funding led by existing investor Greycroft Growth, Greenspring Associates, Cueball Capital, and e.ventures. JW Player, which has raised $46.5 million so far, will use the new round to drive development of new data-centric SaaS products, boost international sales and marketing. The company said its flagship product, JW Player, is live on more than 2 million sites, and generates more than 1.3 billion monthly unique viewers across devices such as tablets, and desktops.
JW Player, a New York-based digital and mobile video platform and player company, has raised $20 million in Series D funding. Return backers include Greycroft Growth, Greenspring Associates, Cueball Capital and e.ventures.
Longtail Ad Solutions Inc., the company that runs video-content and advertising platform JW Player, has raised $20 million in Series D funding, according to a news release. Investors in the round include Cueball Capital, e.ventures, Greenspring Associates and Greycroft Partners Growth.
JW Player, the maker of the video player of the same name, has had a pretty good run lately. The company announced that it has doubled revenue and added over 4,500 new software-as-a-service customers over the last year, reached over one billion unique viewers in a single month, and raised $20 million in Series D funding. That brings its total financing to $45.6 million.
The company will use the investment to accelerate the introduction of software-as-a-service products for the video industry, and for international sales and marketing expansion. “With millions of customers, JW Player is among the most recognised names in digital video,” said Ian Sigalow, partner and co-founder at Greycroft. “The company has consistently demonstrated an ability to stay a step ahead of the market, a difficult feat in such a rapidly-changing marketplace. We see an enormous opportunity ahead of us in both our core SaaS business as well as in future media offerings, and are very excited to deepen our partnership with the company through this investment.”
Founded in 2008, JW Player is a startup based in New York that led video on the web and is now innovating for the future. Started as the world’s first open source video player, now the startup has customers around the world in 193 countries and range from Fortune 500 companies to individual bloggers. In 2015, the company claims to have grown its (SaaS) revenue by over 100% year-over-year revenue.
A company whose primary product provides video streaming services on more than two million sites has announced its latest round of venture capital. JW Player, which markets a video player used by publishers like The Washington Post and Popsugar, announced $20 million in Series D funding. The four VC firms leading JW Player’s Series D round–Greycroft Growth, Greenspring Associates, Cueball Capital, and e.ventures–are all previous investors in the company. The size of the company’s Series D matches the $20 million Series C round it announced in September 2014.
JW Player, which built a niche for itself providing an online video platform targeted to enterprises, capped off a year of growth by completing a $20 million Series D funding round led by existing investors including Greycroft Growth, Greenspring Associates, Cueball Capital, and e.ventures. The company plans to use the new capital to expand what it calls its independent video ecosystem, which allows businesses of different sizes to build an online video service over which they have much more control in terms of branding, analytics and other aspects.