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Jivox raises $4 million in Series B round of funding from Opus Capital, Helion Venture

Online video ad company Jivox, which helps small businesses to create, target and deliver online video ads, has closed $4 million (Rs 18 crore) in Series B round of funding from its existing investors Opus Capital and Helion Venture Partners. In June 2008, Jivox had raised $10.7 million in Series A round of funding led by Opus Capital and participated by Helion Venture Partners.

Online video ad company Jivox, which helps small businesses to create, target and deliver online video ads, has closed $4 million (Rs 18 crore) in Series B round of funding from its existing investors Opus Capital and Helion Venture Partners. In June 2008, Jivox had raised $10.7 million in Series A round of funding led by Opus Capital and participated by Helion Venture Partners.

Jivox is now exploring to raise up to $15 million in less than a year to accelerate sales and marketing expansion into newer geographies including Europe. “At the moment, the plan is to look at funding in the first quarter of 2011. We could look at a figure similar to what we have already raised depending on how we chart our expansion,” Naren Nachiappan, MD, Jivox India, has said. [Source: VC Circle]

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