Vidyard, an undisputed leader in the online video hosting and video marketing software category for businesses has raised an additional line of credit worth $15 million from BMO Technology and Innovation Banking Group.
Vidyard has been an A-player in the video marketing software industry for nearly a decade. Born out of San Francisco’s Y Combinator, the company raised its first seed round of $1.65 million in 2011. The startup completed its first Series A of $6 million in 2013. This line of credit bring’s Vidyard’s total capitalization to $75.5 million, making Vidyard by market valuation one of the largest players in the online video software space.
According to sources, the line of credit is expected to help support product development of Vidyard’s online platform, as well as help with growth initiatives, including global expansion and mergers and acquisitions.
Learn more about Vidyard by visiting their profile here.