Spreecast Inc., a social video broadcasting platform started by StubHub co-founder Jeff Fluhr, has raised $4 million in seed financing. Spreecast received funding from Frank Biondi, former CEO of Viacom; Gordon Crawford, media and technology investor at The Capital Research Group; and Edward Scott, Jr., founder of BEA Systems. The San Francisco-based company revealed last week in a regulatory filing that it had sealed $2.3 million in funding. Spreecast launched a public ‘beta’ version of its platform in November.
Spreecast, the social video platform that lets people broadcast together, today announced it has raised $4 million in seed funding. Started by the Founder and former CEO of StubHub, Jeff Fluhr, Spreecast received funding from Frank Biondi, former CEO of Viacom; Gordon Crawford, media and technology investor at The Capital Research Group and Edward Scott, Jr., founder of BEA Systems.
Currently in public beta, Spreecast can be used publicly or privately to create interactive, face-to-face video experiences in which a few people, or many thousands of people, can participate. Viewers can chat, submit comments and questions to those on screen, and request to join on camera, while robust controls allow producers of the spreecast to manage the action. Integrated across multiple social networks, such as Facebook, Twitter and Google+, all spreecasts are recorded live and immediately available for playback and sharing.
“As online video continues to change the telecommunications and media industries, Spreecast is well positioned to be a catalyst for change and capitalize on these rapidly evolving markets,” said Mr. Biondi.
The $4 million in funding will be used to hire additional engineers and others to help build out the product platform and expand the community.
“In a communication age dominated by texts, emails, tweets and status updates, Spreecast is bringing face-to-face video interactions to the Internet in a far-reaching way,” said Fluhr, Founder & CEO of Spreecast. “People using Spreecast run the gamut already, from bloggers interacting with their followers, to celebrities and athletes chatting with their fans, to people talking about the 2012 Presidential elections.”