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Clearleap Gets $3.3 Mil Investment

Oct 31, 2008  •  Post A Comment

Video technology company Clearleap has secured $3.3 million in venture debt financing from Silicon Valley Bank.
The funds will go toward enhancing development of infrastructure and business management products for television service providers and media content owners.
Clearleap, whose platform is designed to expand consumers’ options for video delivery through their TV sets, recently secured a $9 million Series A equity investment from Trinity Ventures and Noro-Moseley.
“Silicon Valley Bank recognizes the enormous potential that our technology offers and despite the current economic downturn, has chosen to invest in our future and ultimately the next generation of television,” Braxton Jarratt, Clearleap’s co-founder and CEO, said in a statement. “This latest financial infusion will help Clearleap achieve its vision and ensure ample capital reserves to get through today’s turbulent economic environment.”

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