Today at ICX Media, we’re pleased to announce that we’ve closed a $6.6 million Series A financing round. This round, led by venture capital firm Grotech Ventures, based here in the Washington, DC-area, with participation by Richmond’s NRV, Boston’s PJC, and Avonlea Capital – also based here in DC – means ICX is full steam ahead as we embark on the next phase of our business. During this next stage, we will accelerate our go-to-market strategy following a building period focused on developing the core ICX Media technology platform – one we believe will lead the continued transformation of the video market.
We’ve come a long way since our launch two-and-a-half years ago, and we’ve made great strides in that time. In April, we unveiled our enterprise program in beta, giving media companies, brands and agencies powerful tools to harness ICX Media’s data science and analytics capabilities for digital video production, sourcing, distribution, marketing and monetization. Today, that platform is available to all, connecting media firms and brands to more than 850,000 video creators.
As we advance our sales, marketing and business development, we look ahead to opening a new location in Los Angeles soon. Our goal has always been to assist independent video creators, media companies and brands as they navigate the increasingly complex digital video economy, putting them at the forefront of this evolving landscape and giving them the tools to succeed.We’re well on our way.
For more information about our financing round, see our press release.