Grab Networks Received $12 Million in Funding

Grab Networks, of Dulles VA, received a funding round of $12 Million. Debt and Equity funding made up the $12 Million from Softbank Capital, SCP Capital, Longworth Venture Partners, Court Square Partners, and Horizon Technology Finance.

About Grab Networks in their words:

Grab Networks uniquely combines technology, distribution capabilities, and strong advertiser relationships to solve a core problem for media companies: how to maximize the value of the video content they produce.

What is interesting about Grab Networks to me, is that they not only speak of distribution and monetization but also bringing unused video to market. In other words, as competitors would also say, they help a company distribute their video and also monetize it. However, Grab Networks also helps companies not only monetize current available assets but uncover other professional videos that the company has to generate even more monetizable content. They quote a statistic that only 15% of the professional video ever makes it to the web. The Grab Networks solution also helps uncover additional monetizable assets, if you have 15% generating income why not add the other 85%. Seems like a no-brainer and Grab Networks can make it happen.

Grab Networks created was created from a merger of Anystream and Voxant in September 2008.

See Grab Networks