JW Player gets $20M cash infusion

Greycroft Growth and Greenspring Associates led the Series C financing round for the pioneering open source video player.
September 17, 2014

Online and mobile video platform JW Player announced on Wednesday that it has completed a $20 million Series C financing round.

The investment was led by the Greycroft Partners fund Greycroft Growth and Greenspring Associates, and included participation from Cueball Capital and e.ventures.

The company will use the cash infusion to accelerate its global growth, expand its sales, marketing, product and engineering initiatives, and add to its data-driven software-as-a-service platform.

JW Player was founded in 2008 to launch its open source video player, which was the original player for YouTube. Today, it is live on more than 2 million sites with 9 billion video streams to 900 million monthly unique viewers across phones, tablets, and desktops. The company’s services also include video hosting and streaming, advertising, and analytics.

Investor Greycroft manages $600 million and has invested more than 100 companies since inception including Maker Studios, Huffington Post and All Def Digital.

Screengrab via JWplayer.com

About The Author
Todd is StreamDaily's U.S. West Coast Correspondent. He has written for a wide range of publications, including The Hollywood Reporter, Variety, the Los Angeles Times, the New York Post, NylonGuys and, yes, even the Weekly World News. Earlier in his career, he served as senior editor for the pioneering alternative movie magazine Film Threat. You can reach him at toddrlongwell[at]gmail.com or on twitter @toddlongwell1

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