The FeedRoom, which provides web video technology for media companies, corporations and government agencies, has raised an additional $12 million of financing. The round was led by NewSpring Capital, with participation from existing investors BEV Capital and Velocity Equity Partners.
It’s a pretty venerable company, having been around for 10 years, but chief executive Mark Portu shook things up a bit last year when he took over and started building a new leadership team. The New York-based company says its customers include General Motors, The New York Times and the Pentagon — quite a mix.
The round brings The FeedRoom’s total funding to $66 million, according to NewTeeVee.
