ClipClock, a Russian video sharing startup, announced yesterday a $2.5 million funding by Runa Capital, a Moscow-based venture fund operating internationally.
The investment will be used to develop advanced functionalities, increase the startup’s user base, and prepare global expansion.
ClipClock, which launched its website and iOS mobile app at the DEMO Fall 2012 Conference in early October in Santa Clara, California, defines itself as “the ultimate social video hub, where users can share top videos through major social networks Facebook, Twitter, and Google+, and upload their own videos captured via iPhone.”
ClipClock allows users to collect and share the best clipped video moments. This saves users time – as they no longer have to scroll through and search long videos. Instead, they can watch videos at the exact right moment(s).
ClipClock has attracted $2.75 million in total so far, including $50,000 from Microsoft’s Seed Fund earlier this year, $200,000 from business angels, and $2.5 million from Runa.
