QuickPlay has certainly been moving fast. In fact, this week the company announced that it snagged $15 million in venture capital. The investors include Ventures West, General Catalyst, J.L. Albright Venture Partners and Up Capital Ltd.
Basically, QuickPlay has a platform that allows for video on mobile devices, such as the BlackBerry. Some of the customer's include Disney's ESPN and MTV.
So far, the market is still in its infancy. But the growth rate is substantial – and the smart money is taking positions in the space.
A key part of QuickPlay's success is its on-demand approach. This makes it fairly easy for content operators to launch new offerings – and yes, to start generating new revenues streams.
Also, if you want to check out more venture capital fundings, click here.
Tom Taulli is the author of various books, including The Complete M&A Handbook
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