Bangalore-based venture capital firm Helion Venture Partners has announced an investment in online video advertising startup Jivox. The company is headquartered in San Mateo, California, and has a base in India (Bangalore). Helion is a co-investor in the $10.7 million Series A deal led by existing investor Opus Capital. Helion managing director Ashish Gupta led the deal for the firm.
In March Jivox had raised $2.7 million in seed funding from Opus Capital, around the same time it set up a sales and development office in Bangalore — more on the company in the press release. Another company active in the space in India is Vdopia which has recently signed on a advertising deal with Zoom TV.
What others are saying about the deal