Tuesday, March 18, 2008

Clearleap, a new video technology company has closed its first round of venture capital funding for $9 million

What Company Is Offerring:
Clearleap develops and markets technologies that greatly expand consumer options for "what's on TV." The Company works with video content owners and cable, satellite and IPTV companies, offering a new model of video delivery technologies and services that profoundly improve the television experience.

How Much They Got From VCs;
Clearleap, a new video technology company based in Atlanta, has closed its first round of venture capital funding. Industry leaders Trinity Ventures of Menlo Park, California and Noro- Moseley Partners of Atlanta, Georgia co- led this $9 million investment.

Named to Clearleap's Board of Directors are Trinity Ventures' General Partner Fred Wang, and Alan J. Taetle, General Partner at Noro-Moseley Partners. Among those taking a minority stake are Jim Chiddix, former CTO of Time Warner Cable, and Sig Mosley, President at Imlay Investments, Inc.

About VCs:
Trinity Ventures, a 21 year veteran in the venture business with more than $1 billion under management, partners with exceptional entrepreneurs to build great companies. Trinity Ventures focuses on early-stage technology investment opportunities with a particular emphasis on the Digital Media, Internet Services, Mobility, Security and Software markets. Trinity has invested in well over 100 ventures. For more information, visit www.trinityventures.com .

Founded in 1983, Atlanta-based Noro-Moseley Partners (NMP) is one of the largest and most experienced venture capital firms in the southeastern United States. NMP has created five limited partnership funds totaling approximately $580 million in capital and has invested in approximately 160 companies. NMP invests primarily in Southeastern-based, early and established growth stage companies. Industries of interest include technology, healthcare and business services. For more information, visit www.noro-moseley.com .

More at: www.clearleap.com

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