VideoEgg Hatches $12 Million in Funding

I have been using VideoEgg a lot these days. Their service is simple, easy to use & powerful.

They got another $12 million in Round C funding.

VideoEgg, a social video ad network which launched on Monday, has just announced it has received $12 million in round C funding, headed by venture firm Maveron. August Capital and First Round Capital, two of VideoEgg’s existing investors, also contributed.

VideoEgg will use the new funds to expand the ad network and make VideoEgg videos more attractive to publishers. Currently users of sites like Bebo, Hi5, AOL, Dogster, Tagged, and Current TV can post videos from any devices using the VideoEgg system.

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