Technology

Video content aggregator secures $4 mn in Series A funding

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MUMBAI: Video content aggregator Plizy has raised $4 million in a Series A round from Atlas Venture.

With this new round of funding, Plizy will focus on expanding its audience, aggregating more content from providers such as Cinemax, Snagfilm and Starz, and building out its offerings across multiple platforms, specifically on Android and iOS.

Plizy previously raised $1.2 million in angel round funding, joined by notable investor and co-founder of Fotolia, Oleg Tschelzhoff.

The content agregator first launched its iPad app in May 2011 to allow users to find relevant online videos based on their individual interest graph.

In November 2012, Plizy launched its version 2.0 with a completely new Website and iPad app that offers a brand new experience across videos, movies and TV Shows, and continues to offer content discovery and sharing capabilities with deeper personalization.

?We are thrilled to have Atlas Venture as our sole investor because of our long standing relationship with them and their success with companies like Dailymotion ? the largest digital media company to come out of Europe,? said Plizy founder and CEO Jonathan Benassaya.

"As video content is fragmented across many sites there is no easy way for consumers to get access to the content they want. Plizy offers a unique service for consumers to seamlessly search, organize, watch and share any movie, TV show or video online.?

David Marcus, President of PayPal will join Plizy?s board of directors alongside Fred Destin, partner in the technology group at Atlas Venture. Both bring deep experience in web services and consumer facing innovation.

Plizy is available on web browser and through its iPad app, and content can also be viewed on TVs using the app through Apple Airplay. Plizy currently has partners like Amazon Prime, Amazon Instant Video, Crackle, Dailymotion, HBO Go, Hulu, Hulu+, iTunes, Netflix, Vimeo, and YouTube.

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