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LiveClips Receives Additional $2.15 Million Investment

By TechTaffy Desk

[Techtaffy Newsdesk]

LiveClips has received new investments totaling $2.15 million over the past two months. An additional $1 million cash infusion closed in February, with $500,000 each from Advantage/Ironwood funds and Connecticut Innovations.

LiveClips, received $1.15 million in late December from two funds focused on investing in Connecticut businesses and managed by Advantage Capital Partners, a 20-year-old national investment firm with more than $1 billion under management, and Ironwood Capital, a 20-year-old regional investment firm with more than $400 million under management. Two private investors also participated.

LiveClips’ proprietary smart video clipping technology ingests live feeds from games and creates, digitizes and then delivers discrete searchable video clips of every play and replay to Web-enabled or mobile devices within 10 seconds of live action.

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