Klip Closes $8M Series B Round Led By Benchmark Capital

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Company Captures Leadership Position In Emerging Social Video Market

Klip today announced that it has raised an $8M Series B round of financing led by Benchmark Capital. With this financing Klip looks to build upon its leadership position in the social mobile video market and drive further product innovation.

Klip is a leading social video app which offers a breakthrough video discovery and viewing experience on the iPhone and iPod touch. Since its launch less than two months ago in September 2011, Klip has experienced a tremendous response from users around the world and has consistently been the top ranked social video app in the App Store.

“Klip has built an amazing product, with several core innovations. We’re excited about its leadership position in this rapidly growing market and the team’s commitment to develop the best user experience in mobile video,” said Bruce Dunlevie, general partner, Benchmark Capital.

The Klip iOS app is easy and fun to use. A user can simply shoot a new klip or grab one from their Camera Roll and share it with just one tap on Facebook, Twitter, YouTube, email, or the Klip community. People can also watch klips from around the world, follow other Klippers, share klips, or stay on top of hot topics by following hashtags.

“We’ve been amazed by the response from users since we launched Klip just under two months ago. With mobile videos, we are witnessing the emergence of a powerful communication and entertainment medium. We are excited to be working with investors like Matrix Partners and Benchmark Capital who share our vision for the social mobile video market,” said Alain Rossmann, CEO and founder of Klip.

Klip re-invents the way consumers experience the world by organizing mobile videos in real-time and by connecting consumers with the people and the topics that interest them through a uniquely beautiful, fluid, and engaging user interface.

Download Klip App: http://bit.ly/klipapp

Klip Demo Video: http://bit.ly/klipvideo


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Marisa Lam
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