Vuclip, a US-based provider of mobile video delivery services, has acquired assets from Jigsee, a peer with offices in Canada and India, for an undisclosed amount.
In November, Vuclip raised $13m in its series D round led by SingTel Innov8, the corporate venturing arm for Singapore Telecommunications, with additional participation from venture capital firms Jafco Ventures and New Enterprise Associates.
At the time of the D round, chief executive Nickhil Jakatdar said Vuclip was targeting “emerging markets”, particularly the Indian subcontinent.
Jeff Karras, managing director of SingTel Innov8, said of the Jigsee deal: “It is inspiring to see Vuclip deliver on its ‘All Things Video’ strategy so aggressively and quickly.
“With more than 45 million monthly unique users, a viable monetization strategy and strong leadership, Vuclip is positioned to capitalize on the massive growth in mobile video.”
VuClip’s series B and C rounds concluded in 2009 and 2011, raising $6m and $8m respectively. Both rounds involved Jafco Ventures and New Enterprise Associates.