Online video search engine and guide Clicker has wrapped up a Series B funding round of $11 million, led by JAFCO Ventures, with plans to use the money to fuel expansion, on partnership support with CE companies and content providers, and on long-term development of the product. Existing investors Benchmark Capital and Redpoint Ventures also were involved in the current funding round. JAFCO's managing partner, Joe Horowitz, will join the board as an observer.
Clicker made its public debut in November with $8 million in seed capital from Benchmark and Redpoint, and has been making space for itself in an otherwise crowded marketplace that includes the likes of Blinkx, Truveo and Magma.
Horowitz says he believes Clicker is in the right place, with the right product. "We are great believers in the importance of Internet television for all types of long form content and Clicker truly stands out as having created the most intuitive and comprehensive product one can imagine," said Horowitz. "We sincerely believe that Clicker is well positioned to transform the way people think about television and are excited to be part of such a talented team."
Clicker provides online video viewers with a catalog of all broadcast, and broadcast-quality, programming available to watch online. The company has indexed more than 600,000 TV episodes from over 10,000 online shows in more than 1,400 categories. Clicker also has indexed some 30,000 movies from Netflix Instant Streaming and Amazon VOD, and more than 50,000 music videos.
"The incredibly positive response to our initial product, as well as the core premise of creating a next-generation programming guide, has been very gratifying," said Jim Lanzone, CEO of Clicker. "We also received great interest in Clicker as an investment opportunity right off the bat, and feel fortunate to be able to focus on growing our business with such a solid base of funding behind us."
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