Make.TV, the US-based creator of an acquisition and management platform for live online video, has secured $8.5m in funding from investors including Microsoft Ventures, software provider Microsoft’s corporate venturing unit.
Venture capital firm Voyager Capital led the round, which included Wellen+Nöthen Ventures, a subsidiary of media company Qvest Media, as well as Vulcan Capital, Arnold Venture Group, MediaVentures, High-Tech Gründerfonds (HTGF), Dimensional Ventures and assorted angel investors.
Founded in Germany, Make.TV has built a cloud-based platform that enables media and entertainment companies to secure and manage crowdsourced live video for broadcast. It is opening a headquarters in Seattle, USA, in conjunction with the funding, as well as an office in California.
The round comes after HTGF and angel investors Andrin Bachmann and Greg Lockwood provided an undisclosed amount of funding for Make.TV in 2008, the year after it was founded.