Wochit Raises $4.75 of Series A Funding
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New York, New York – Wochit, a provider of ever-fresh, studio-quality video about any topic as news happens to web sites and mobile apps has raised $4.75 million of series A funding from Redpoint Ventures, Cedar Fund and Greycroft Partners.
“Web publishers are seeking ways to distinguish themselves from competitors with rich and engaging content, and Wochit fulfills that need with its innovative model for video production and distribution,” says Redpoint Venture Partners Dean Gilbert.
The new capital will be used in expanding its customers base and also for more revenue and partnership options.
Funding Total: $4,750,000
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|Investors: Redpoint Ventures, Cedar Fund, Greycroft Partners|