Brightcove Raises Another $12 Million; Says An IPO May Come Next Year |

Posted on April 5, 2010

0


Online video platform company Brightcove has raised $12 million in a fourth round of funding—and is now talking about going public as soon as next year. CEO Jeremy Allaire (pictured) told us this fall that his company—which has now been profitable for nearly a year—did not need to raise additional cash, but Accel Partners managing partner (and returning Brightcove backer) Jim Breyer tells the WSJ that his firm approached Brightcove about the possibility of providing more cash, which will be used to expand Brightcove’s infrastructure and also for expansion in Asia and Europe.

Brightcove Raises Another $12 Million; Says An IPO May Come Next Year | paidContent.

Advertisements