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Posted inSandbox

Sandbox Issue 134: Snap Decision

Lead: Snapchat, now with 100m daily active users and a lucrative IPO on the horizon, is far more than a social media gimmick. Plus it is heavily skewed towards younger users, a demographic the music industry is finding increasingly difficult to reach. We look at how it works as a platform and where the most interesting […]

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Posted inAnalysis, News

Online video startup Vessel raises another $57.5m in funding

Vessel, the online video firm that has licensing deals with major labels Universal Music and Warner Music as well as a host of YouTube creators, has announced a Series B funding round of $57.5m.

Previous investors Greylock, benchmark and Bezos Expeditions – the personal investment vehicle of Amazon chief Jeff Bezos – participated in the round, but it was led by another Silicon Valley VC firm: Institutional Venture Partners.

Vessel isn’t saying how much the new round values the company at, but IVP’s involvement is significant given its previous investments. “We have invested in over 300 companies and 101 of those companies have gone public so far,” wrote general partner Todd Chaffee in a blog post.