Online web show distributor blip.tv has raised an undisclosed amount of funding from Bain Capital in its second institutional round; Blip raised its first round in June 2007 from Ambient Sound Investments. It did not disclose how much was raised in either one.
When asked for more specifics on the investment, blip CEO Mike Hudack was pretty tight-lipped, saying only that it was “the right amount” and that the money will be used to add functionality for show creators and add distribution destinations.
Blip, which only counts one view per IP address per video per session, said it served more than 51 million video views in September, representing a 250 percent year-over-year bump. And the company says it currently distributes more than 37,000 actively updated web shows.
Based in New York, blip currently has 17 employees. Hudack said they will also use the new money to add another three or four people.