Wednesday, October 31, 2007

FORA.tv got seed round fund from Adobe Systems and venture capitalist Will Hearst

What company is Offering:
FORA.tv the leading provider of online video content focused on discourse, discussion and debates surrounding the world’s most compelling political, social and cultural issues.
How Much They Got From VCs:

They announced the closing of its seed round of financing with an investment from Adobe Systems Incorporated. Adobe joins noted investor and venture capitalist Will Hearst who has invested personally in the seed round.

How It Works:

FORA.tv enables a new, global media opportunity by aggregating a daily range of events, produced and electronically shipped by institutions or freelance producers, from around the world.
Its Features:

In addition to leveraging Adobe Flash® Player compatible video technology as its content delivery platform, FORA.tv is distributing video content via the new Adobe® Media Player. The Player offers high quality video and allows users to view their favorite content both online and offline via IPTV.


About VCs Deal:

“Adobe’s investment in FORA.tv signifies our belief in the company’s great opportunity to deliver a rich online media experience to consumers worldwide,” added John Leckrone, director of Venture Development for Adobe. “FORA.tv is making innovative use of Adobe’s Flash® Player compatible video technology. The fact that our shared vision for richer content delivery comes to life via the Adobe® Media Player is a win-win for us all.”

FORA.tv joins a noteworthy group of content publishers distributing video content via the Adobe® Media Player. Content available from FORA.tv includes each of FORA.tv’s channels as well as FORA Casts, representing featured content produced specifically for IPTV.

FORA.tv is based in San Francisco, California.
More at:http://www.fora.tv/

No comments: