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 Venture Capital
Website:
http://www.bdc.ca
Location:
Montréal, Québec, Canada

With more than $1 billion under management and more than 25 years of industry experience, BDC Venture Capital is an investor of choice focusing on IT, health and energy/cleantech companies, as well as venture funds, with high growth potential. From seed through expansion to exit, their mandate is to help build outstanding Canadian companies, while working to create a sound financial ecosystem for Canadian... more


Similar Posts


blog comments powered by Disqus

Rob Lewis

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 running Canada's leading technology media property, Rob can... more



Who's Hiring



Recent Comments

Powered by Disqus