Comcast's (Nasdaq: CMCSA) venture capital arm, Comcast Ventures, has made an investment in Fullscreen, a media company that helps people who post videos on YouTube manage their presence on the site.
Comcast is joined by fellow media investor Chernin Group, which also invested in Fullscreen. According to AllThingsD, citing unnamed sources, the two VCs are part of the $30 million round that gives Fullscreen a valuation of $110 million.
Fullscreen's founder George Strompolos previously helped create and run YouTube's partnership program. The Los Angeles-based startup employs about 80 people. It offers software that helps content owners better navigate YouTube. Customers include Disney Interactive, NBCUniversal and others.
Comcast Ventures recently launched a video campaign aimed at attracting entrepreneurs and startups. The video posted on Comcast Venture's site in February spotlights its investments in several startups, including targeted advertising technology provider Videology, social network application developer Flipboard and home monitoring and security technology provider iControl.
- see this AllThingsD article
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