Ustream.tv Grabs More Funding

Written by Ryan Lawler

Tuesday, August 11. 2009 at 02:35 PM EDT Post a comment

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Live streaming video firm Ustream.tv has confirmed that it received additional financing from existing investors, including DCM - Doll Capital Management . UPDATED 8/11 2:35 PM

According to Securities and Exchange Commission (SEC) filings, Ustream took in $2 million from existing investors, and issued warrants enabling investors to purchase an additional $200,000 of stock in the company.

In an email to Contentinople, a company spokesperson writes: "Existing investors from a previous round exercised their right to invest more. Ustream is excited by the sign of confidence as well as the additional resources to accelerate toward our current trajectory."

The new cash comes less than a year-and-a-half after Ustream collected $11.1 million in a Series A financing round last spring. Altogether, Ustream has raised more than $15 million, including a $2 million angel round from December 2007.

Ustream has seen some success with its live streaming platform, even breaking into major media outlets like CBS News, which used Ustream for its coverage of the Michael Jackson memorial in July.

Earlier this year, Ustream launched a "pay-as-you-go" pricing model for its new Watershed live video platform. The company also recently released a new iPhone app that allows users to syndicate videos they take on an Apple iPhone 3GS to Ustream, Twitter, YouTube, Facebook, and Ustream on Facebook.