Tuesday, December 16, 2008

Tech Capital doubles bets on Overlay.TV and PostRank

Tech Capital doubles bets on Overlay.TV and PostRankby Jonas Brandon on December 16th, 2008 in Ontario, Startups, Venture Capital
 
Overlay.TV and PostRank (formerly AideRSS) have both recently secured second rounds of funding from Tech Capital Partners, Overlay.TV raising $4.6M and PostRank raising a ’significant round that will last well into 2010′. Also participating in Overlay.TV’s follow on financing were their other existing investors Edgestone and Celtic House.

In the current environment, it makes tremendous sense to top up the current portfolio companies’ coffers so they have all the fuel they need to reach an exit. Of course, we would never cheer on VCs throwing good money after bad. Fortunately for Tech Capital these two portfolio companies have been making nice progress this year. Jacqui Murphy, Partner with Tech Capital Partners had this to say:

“We are very pleased with the progress the companies have made since our initial investments and are even more pleased to support them again.”

Overlay.TV has secured a number of high profile partners and users including the Jonas Brothers (no relation). And AideRSS has rebranded as PostRank and released a number of exciting new enhancements including Google Reader integration and a Full Access API.

Congrats to both Overlay.TV and PostRank on the recent raises!

Overlay.TV
Website: http://www.overlay.tv/
Industry: Media
Status: Funded
Region: Ottawa
Total Raised: $9.2 million

Web video overlay advertising

More information on Overlay TV  

AideRSS
Website: http://www.aiderss.com
Industry: Internet
Status: Funded
Region: Waterloo

AideRSS is an intelligent assistant, which continuously monitors RSS feeds, finds the good stuff, creates a PostRank™, and delivers it to you. We do...

More information on AideRSS           

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