DENVER BUSINESS JOURNAL - Intelivideo, a Broomfield company that allows fitness businesses to sell their videos for streaming or downloading, said it's raised $5.6 million.
The round of funding was led by existing investors, the company said, and the money will be used to "support growth efforts to enter into new video on demand (VOD) categories as well as bolster sales, marketing and product development initiatives."
"We are uniquely poised to support virtually any business ready to start their own VOD business. This recent financing round will help us not only reach new categories, but develop the technological innovations necessary for their success," said Matt Given, CEO, in a statement.
Read more at the Denver Business Journal: http://bit.ly/2o3kLhw
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