Vantrix Closes US$14 Million in Series C Financing

Posted by Rob Lewis

Montreal's Vantrix announced yesterday the completion of a US$14 Million Series C investment. The financing round was led by Tudor Ventures, the venture capital and private equity arm of Tudor Investment Corp., with pro rata participation from existing investors Summerhill Venture Partners, JK&B Capital, BDC Venture Capital, Innovacom Venture Capital and Entrepia Ventures.

Vantrix enables mobile operators to reduce the costs of delivering video to laptops, phones, iPhones and iPads by as much as 50%.

The new working capital will serve to help Vantrix expand its operations following on the growth the company has experienced and further anticipates in video delivery and bandwidth optimization.

Vantrix is headquartered in Montreal with offices in London, Hong Kong, and Dubai.

Company:
Vantrix
Website:
http://www.vantrix.com
Location:
Montréal, Québec, Canada

Vantrix was incorporated in April 2004, as a spin-off of its parent company, VoiceAge Corporation, a recognized global leader in the area of low-bit rate audio compression. The initial SPOTxde® product was launched in November 2001 as the first ever 3G-compatible multimedia content creation software application, specifically designed for the NTT DoCoMo partner community. The SPOTxde core engine continues to... more

Company:
BDC Capital
Website:
http://www.bdccapital.ca
Location:
Montréal, Québec, Canada

A subsidiary of the Business Development Bank of Canada (BDC), BDC Capital offers a full spectrum of specialized financing and investment solutions to help Canadian entrepreneurs achieve their full growth potential. With more than $1 billion under management, BDC Capital takes a strategic, patient approach to nurture companies’ development over the long term. From venture capital to equity to growth and transition... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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