Video Start-Up Adds Investors

Jul 18, 2006  •  Post A Comment

Money continues to flow into the coffers of online video start-ups with the latest announcement Tuesday that Blip.tv has completed a round of funding.

The company offers tools to upload and distribute video content to the Web. Blip.tv did not disclose the amount of funding it received in the round, which included only private investors.

Online video funding is red-hot this year. In the first half of 2006 investors poured about $156 million into video start-ups, up from $108 million in the first half of 2005, according to Dow Jones VentureOne, a venture capital research firm.