VC-backed Zefr Bolsters Online Video Service with Pipewave
January 14, 2013
Online video site Zefr (previously known as MovieClips.com) has acquired Pipewave, a provider of a platform for publishers, marketers and agencies to enhance the performance of online videos. Founded in 2009, Zefr has raised $30 million in venture financing from several investors, including First Round Capital, Shasta Ventures, MK Capital and Richmond Park Partners. The company has been rapidly expanding its engineering team since its $18.5 million Series C round in July 2012 that valued the company at about $75 million pre-money. It currently serves more than 1 billion video views per month.