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.