Web TV network blip.tv has closed $10.1 million in a third-round financing from led by Canaan Partners and existing investors Bain Capital Ventures. The New York-based company started in 2005 said it
will use the new funding to accelerate growth, expand its content services and ad sales staffs and develop new products for viewers and producers.
Boasting more than 44,000 independent video
producers, blip.tv distributes more than 50,000 original Web shows and draws more than 90 million video views a month. The company says 85% of those views are paired with advertising from brands such
as PepsiCo, Chevrolet, Samsung, Starbucks and AT&T. Besides hosting its own shows, blip.tv also syndicates material to outlets including iTunes, YouTube, Vimeo and AOL Video.