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Venture Capital News: Videolicious Snares $1.4M

2012-07-30
NEW YORK, NY, Leading provider of automatic video creation solutions secured $1.4 million in funding from several investors including Howard Lindzon and Joanne Wilson.
Videolicious, the leading provider of automatic video creation solutions, today launched Videolicious 2.0 - a platform that enables anyone to rapidly and easily create their own high-quality sales, marketing, and communications videos in real-time on their desktops, tablets and mobile devices. Fortune 500 retailers and media companies have turned to the Videolicious automated video technology to speed up and simplify the creation of sophisticated video content to help sell, market, teach and engage their audiences. With Videolicious 2.0, any user can just talk and tap to make and distribute professional-quality video productions.

In addition, the company has secured $1.4 million in funding from several investors - including Howard Lindzon and Joanne Wilson, as well as Amazon.com, Venture51, Ludlow Ventures, Trestle Ventures, Scott Ingraham and Quotidian Ventures. This funding will drive Videolicious' research and development efforts in furthering the creation of high-quality video content accessible to all.

While video creates proven opportunities to significantly increase conversion and engagement with customers, the production and distribution of professional-grade videos has been time consuming, expensive and requires specific expertise. With the launch of Videolicious 2.0, even individuals with no experience can quickly create and distribute videos that have advanced production values such as illustrative cutaway shots and b-roll, transitions and visual effects, soundtracks, narration and logos. All of these elements are automatically layered in by Videolicious.

"We have seen firsthand from our work with Fortune 500 retailers that video drives sales," said Matt Singer, CEO of Videolicious. "We created Videolicious to address the challenges of individuals and organizations that want to generate compelling video content to support their sales and communications needs. When professional-quality video production becomes something that anyone can do - as easy as writing an email - the use cases are far and wide."

Savvy social media marketers who already create a high volume of content on Twitter and Facebook will be empowered to grow and better engage their audiences with their own video productions. Anyone looking to increase sales or engagement with video across any industry, whether it be retail, real estate or education, can now unlock the power of advanced video production with speed and ease.

As a freemium model, consumers can use the Videolicious platform at no cost, and professionals can choose from several subscription tiers that offer more shots, longer videos, automatically added branded elements like post-roll logos and access to a royalty-free, commercial musical library. In addition, companies can leverage pre-recorded shots or create their own with on-air talent, and choose to incorporate voiceovers or music to build out their video productions.

About Videolicious

Since 2007, Videolicious has been a leading provider of automatic video creation solutions, with more than 800,000 users in over 100 countries. The company's patent-pending automatic video editing technology has powered the creation of millions of videos for social media marketers, Fortune 500 companies, real estate agents, local businesses, and anyone else who wants to benefit from video's power to sell and inform. The vision of Videolicious is to make video creation so easy that video becomes the dominant form of online content. Videolicious puts great video creation into the hands of everyone, from novices who need a fast and easy way to create professional-looking video to professionals who want to shoot more and edit less. For more information, visit videolicious.com.
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