Toronto-headquartered QuickPlay Media announced yesterday the closing US $12 Million financing round. The placement was led by GMP Securities L.P. and included participation from existing venture capital partners General Catalyst Partners, JLA Ventures and Ventures West. The new investment will support the continued development of QuickPlay’s OpenVideo Platform and associated solutions including their premium mobile TV service PrimeTime2Go.
Launched in May 2009, QuickPlay’s PrimeTime2Go lets consumers set their mobile devices to automatically deliver full episodes of popular TV programs from leading networks including ABC, CBS and NBC as they become available.
Consumers interested in PrimeTime2Go can download the application on BlackBerry App World on their BlackBerry smartphone where they can browse the “Music and Video” category to download the service. Priced at $7.99 per month, PrimeTime2Go features an extensive catalog of content and full-length episodes of some of today’s most popular entertainment and news programs, including Grey’s Anatomy, Lost, and Heroes.
QuickPlay Media was founded in 2004 by Wayne Purboo and Raja Khanna.