Clearleap nabs $20 million in funding round
Multi-screen vendor Clearleap has closed a $20 million round of funding to bring its total financing to $36 million since its inception in 2007.
Susquehanna Growth Equity led the series C round with participation from Clearleap’s existing investors: Trinity Ventures and Noro-Moseley.
Clearleap’s software has found a sweet spot in helping service providers and programmers push their video services across various devices and screens. Its customers include HBO, Verizon, Time Warner Cable, the Food Network, the Travel Channel and Mediacom Communications.
“Consumer demand for better, more varied and more flexible viewing options has been the catalyst for massive change in the TV industry, and what we’re seeing today is really just the beginning,” said Clearleap CEO Braxton Jarratt. “Our goal is to become the technology partner of choice for every content owner or service provider looking to supercharge their efforts to deliver video across every screen. This round of funding enables us to realize this goal much faster and cement our reputation in this space.”
The latest funding round came on the heels of Clearleap opening the doors on a new office in Amsterdam this past summer to better serve its European customers.
Clearleap also announced this morning that it planned on hiring another 150 new employees over the next 18 months.