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.
Vantrix was incorporated in April 2004, as a spin-off of its parent company, VoiceAge Corporation, a recognized global leader in the area of... [more]
BDC Venture Capital is a major venture capital investor in Canada, active at every stage of the company's development cycle, from start-up through... [more]
Rob Lewis
Rob is the President of Techvibes Media Inc. 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 blogging on...[more]
