Vydia has completed a $7 million Series A funding round. The company now has more than 200,000 video creators that distribute, monetize, store and measure content using its centralized platform.
The investment was led by Vocap Investment Partners with participation from Newark Venture Partners. Previous investors include Paradigm Talent Agency, S-Curve Records, QueensBridge Venture Partners, Dovi Frances, Ozone management and other industry insiders.
"Content creators are leveraging the power of video across every social platform available, however, their insights and control over their own intellectual property are limited. Vydia is empowering creators by solving this problem with a smart, universal application" explains Roy LaManna, Founder and CEO of Vydia. "We are committed to building the tools our creators around the world rely on to power and protect their content, and with this investment, we will have new resources to expand and improve our proprietary technology both for individual creators and content focused brands."
Vinny Olmstead, Managing Director of lead investor Vocap, will be joining Vydia’s board of directors, “Vydia has a significant head start as the category leader in the rapidly expanding video content market. The proliferation of serious content creators coupled with the disruption driven by social media as a distribution channel has created the need for a new kind of technology solution," said Olmstead.