November 13, 2013
Clearleap Scores $20mln in Funding
Multiscreen video logistics provider Clearleap closed a $20 million round of funding, bringing its total financing to $36 million. Susquehanna Growth Equity led the round with participation from existing investors Trinity Ventures, Noro-Moseley.
The money will help Clearleap with its expansion in the US and internationally, with the company recently entering the European market. If you’re looking for a job and willing to live in Atlanta, Clearleap might be the place to apply as it plans to hire 150 new employees in the next 18 months.
Clearleap’s focus is to help content owners and TV providers with the transition to IP-based video delivery. Clients include HBO, Time Warner Cable and Scripps Networks. “The proliferation of internet-connected devices with video streaming capabilities has caused content producers and distributors to seek new solutions to help them efficiently manage their multiscreen, TV-everywhere experience,” said Scott Feldman, Managing Director at Susquehanna Growth Equity.