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We now have a cap on the amount that Blip.tv, a New York based video startup, raised last month during their second round of funding and it stands to be at $5.2 million. The round was led by Bain Capital Ventures which has also invested in startups like LinkedIn, Thumbplay, The Find, Tokbox and LaLa Media.
“Our goal is to make online shows sustainable by providing services of scale to independent creators and Web studios,” said blip.tv CEO and co-founder Mike Hudack. “Web show creators should be able to focus on creating great content while we take care of infrastructure, distribution and advertising on their behalf. With Bain Capital’s support we know that we’ll be able to grow our offerings for producers while providing value for distribution partners in the form of excellent episodic programming.”
