[Techtaffy Newsdesk]

Blip, one of the Internet’s largest independently owned and operated video networks, has secured over $12 million in venture capital from existing investors including Bain Capital Ventures and Canaan Partners, and debt from Silicon Valley Bank.

In addition, Blip has officially debuted a new logo that jettisons “.tv”. This was done to distinguish the network’s content from that of traditional TV. The logo was designed by Chermayeff & Geismar, the design firm that created the signature logos for NBC, PBS, Showtime and Time Warner, among others.

Steve Brookstein (Chief operating officer, Blip): Blip continues to aggressively grow its revenues, with 2011 revenues 100 per cent higher than a year ago, which is very positive momentum for both our producers and for the company.