By citybizlist Staff
Flipps Media Inc. has raised $2.4 million via sale of shares to eight investors, according to an SEC filing.
The Uniondale, N.Y.-based company, formerly known as iMediaShare, offers video-streaming services via its patented cloud-based mobile media discovery and control technology that allows easy shifting of online digital content from the cloud over DLNA and Airplay-compliant TVs, game consoles and other connected devices. The technology makes it possible for consumers to take their media with them wherever they go. Flipps also offers an advertising platform for clients.
Flipps is funded by Timothy Draper of Menlo Park, CA.-based Draper Fisher Jurvetson; Launchub and Teres Capital. Launchub and Teres Capital are Bulgaria-based seed and venture funding firms.
According to Crunchbase, Flipps Media has previously received $458,000 in seed funding from Launchub in 2012.
Flipps Media was co-founded in 2011 by COO Metodi Filipov and CEO Kosta Jordanov. Previously, Jordanov was the chief technology officer of TTS and a software engineer at IBM.