QuickPlay Media closes $12 million private placement

Mobile video solutions provider QuickPlay Media announced the close of a $12 million private placement led by GMP Securities, with participation from existing venture capital partners General Catalyst Partners, JLA Ventures and Ventures West. According to QuickPlay, the new funding will support the continued development of its OpenVideo Platform and associated solutions--OpenVideo powers video and audio services across an ecosystem spanning more than 150 content providers and 15 major mobile operators. QuickPlay's PrimeTime2Go premium mobile TV service offers full episodes of series from broadcast networks including CBS, ABC and NBC.  

For more on the QuickPlay funding:
- read this release

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