Tech Company Financing Transactions
Wibbitz Funding Round
NantWorks, Horizon Ventures and Initial Capital invested in a $8 million Series B funding round for Wibbitz. The round was announced on 5/21/2015.
Transaction Overview
Company Name
Announced On
5/21/2015
Transaction Type
Venture Equity
Amount
$8,000,000
Round
Series B
Investors
NantWorks (Lead Investor) (Patrick Soon-Shiong)
Proceeds Purpose
The $8M investment will be used to build out the company's U.S. headquarters in New York City's Financial District, a growing hub for media and technology companies. Specifically, Wibbitz will be focusing on expanding its business development, sales, marketing, and editorial teams, with plans to hire about 20 new employees within the next few months.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
Undisclosed
New York, NY 10017
USA
New York, NY 10017
USA
Phone
Undisclosed
Website
Email Address
Overview
Wibbitz provides a video player plugin for your site that takes static web content like images, headlines and video clips- in real-time and automatically creates an interactive video, giving users an engaging overview of the website by video-surfing.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Zohar Dayan
Chief Technical Officer
Uri Meirav
VP - Bus. Development
Yotam Cohen
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