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RAMP secures USD15m series C financing led by StarVest Partners

RAMP has completed a series C financing led by New York-based StarVest Partners.

As part of the transaction, Deborah Farrington (pictured), co-founder and general partner at StarVest, will be joining RAMP’s board of directors.

StarVest is also joined by Hearst Interactive Media and EDBI as new investors in RAMP, along with participation from existing RAMP investors Fairhaven Capital, Accel Partners, General Catalyst Partners, and Comcast Ventures. This round brings the total capital raised to USD40m for the company.

To date, RAMP has built a leadership position in helping media companies create more value from their digital content assets, including digital video, using its patented MediaCloud platform, including brand names such as Comcast, Fox, ABC, Meredith, Hearst, NFL and others.

In addition to the continued investment and expansion of its media solutions, the new financing will enable enterprises to get more value from online video than previously possible. RAMP’s intellectual property delivers a solution for enhanced video search, content management, indexing, and publishing, and easy integration and connections to popular enterprise content platforms such as Microsoft SharePoint. RAMP’s scalability will also enable aggressive global expansion to replicate the success from its North American customer base.

“StarVest has deep experience funding companies with cloud-based business models,” said Deborah Farrington of StarVest Partners. “RAMP has created a highly scalable business with a dynamic team serving the explosive opportunities resulting from the growth in video use across media companies and is now poised for success in the enterprise.”

“RAMP has developed robust capabilities and is serving many of Hearst’s digital media properties. The team’s vision for what’s next in online video is incredibly compelling,” says Darcy Frisch, vice president, Hearst Interactive Media. “We’re excited to help the company capitalise on major growth opportunities ahead for both media and enterprise.”

"The accelerated growth of video consumption in Asia presents unprecedented growth opportunities for video technology companies,” says Chu Swee Yeok, chief executive of EDBI. “We are pleased that RAMP has joined EDBI’s portfolio of companies that have chosen to locate their Asia Pacific headquarters in Singapore to maximize their exposure to this incredible growth, while availing themselves of EDBI’s regional networks and experience.”

“We are thrilled to add such a prestigious group of new investors to the company,” adds Tom Wilde, chief executive of RAMP. “This financing is great validation for both the unique technology we have developed and successful business model we have built to date, as we capitalise on the terrific growth opportunities we see ahead.”

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