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February 28, 2008

Magnify.net Raises $1M for Video Discovery, Broadcasting

Mark Hendrickson

13 comments »

New York-based Magnify.net has raised $1M in a Series A round involving Next Stage Capital, New York Angels, Rose Tech Ventures, Active Angel Investors, Ogden Capital, Gideon Gartner, and Chris Anderson.

The company is also claiming to have attracted 30,000 publishers and over three million visitors per month. Each publisher on Magnify.net sets up a so-called channel where they can aggregate user generated videos found across the web on places like YouTube. Magnify.net also recently added webcam broadcasting capabilities so presumably this figure includes webcam channels as well.

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Magnify.net
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This entry was posted on Thursday, February 28th, 2008 at 5:01 am and is filed under Company & Product Profiles. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Trackbacks/Pings (Trackback URL)

  1. StartupNewz.com

    February 28th, 2008 at 8:44 am

  2. Magnify Wants to Turn Video Channels Into Social Networks. Good Luck.

    March 19th, 2008 at 10:50 am

  3. Business News Research » Magnify Wants to Turn Video Channels Into Social Networks. Good Luck.

    March 19th, 2008 at 7:35 pm

Comments

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  1. Jon

    February 28th, 2008 at 5:35 am

    This is a fantastic find… will check these guys out for sure as I got lots of videos that need sharing ;-)

  2. Brian Andrews

    February 28th, 2008 at 6:51 am

    Magnify have some great tools for quickly publishing an online video channel. I do worry that it will just end up as a place for Adsense-based template sites with not much “real” content.

  3. ITrush

    February 28th, 2008 at 7:30 am

    Cool, gotta check it out. Thanks for sharing TC.

  4. myVdister

    February 28th, 2008 at 9:03 am

    Hey TC, why not drop a post for self funding video sharing service like my own (hint hint).

    http://www.myvidster.com/

  5. Shakir Razak

    February 28th, 2008 at 11:28 am

    Hi,

    Someone at Techcrunch should check out http://www.sumo.tv, It’s been doing virtual personal channels with users acting as “channel controllers” including with original creative work, and then giving them unique access to broadcast-television, as well as Multi-platform mobile/ip-TV across China, India, Israel, France and the English-speaking world.

    Yours kindly,

    Shakir Razak

  6. Steven

    February 28th, 2008 at 1:17 pm

    The New York Angels are a great group to deal with. Having profiled them and worked with them in the past, I can say they are a class act.

  7. DCSmitty

    February 28th, 2008 at 8:58 pm

    By far, Magnify is the easiest way to create your own video channel on the web.

  8. Rodney Rumford

    February 29th, 2008 at 8:14 am

    Another similar service is http://www.videosticky.com

  9. Alan

    February 29th, 2008 at 8:38 am

    Does anyone know of a white label video classifieds site? Could Magnify be modified into one?

  10. YouYap

    March 3rd, 2008 at 12:02 am

    Cool Video Site. Will recommend it

    http://www.youyap.com

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