Spreecast Raises $7 Million In Funding

Sites include spreecast.com . Published on September 19th, 2012. Written by Anthony West.

YouTube is still king of the hill where online video is concerned, but there are niche activities that YouTube doesn’t handle very well—like social broadcasting. Enter Spreecast, a company which is aiming to make online video collaboration a mainstream thing.

The company has just raised $7 million in seed funding from Meakem Becker Venture Capital with participation from GGV Capital, MentorTech Ventures and Stan Shuman of Allen & Company fame. The funding couldn’t have come at a better time; online video collaboration is becoming a new staple for not just brands, but celebs alike. A quick glance at some of the slides on Spreecast and one can see that the potential for growth is definitely there.

So far the platform has heavy integration with Facebook, Twitter and Google+ and the fresh injection of cash will help widen out the platform as well as help strengthen the community.

Aside from good dose of cash, Spreecast also has the inherent benefit of being the brainchild of someone who understands the online video and social landscape. The company was founded by Jeff Fluhr, co-founder of StubHub. With his nous, Spreecast has managed to attract the right kind of investor interest and now pushing forward in building a user base.

There’s obviously still a long way to go for the Spreecast team, but $7 million should help put some speed into the progress.