December 12, 2012 via TechCrunch by Natasha Lomas – Video discovery startup Plizy (a First Growth Venture Network Graduate), which last month relaunched its iPad app and website with a new look and a mission to become a “media center in the cloud” – has announced it’s raised a $4 million Series A round from Atlas Venture. The startup has previously raised $1.2 million in angel round funding. In tandem with its latest funding round, David Marcus, President of PayPal will join Plizy’s board of directors, along with Fred Destin, partner in the technology group at Atlas Venture.

Plizy said it plans to use the new funding to focus on expanding its audience. A Plizy spokeswoman said it does not disclose user numbers.

Plizy said the funding will also be used to aggregate more content — including from providers such as Cinemax, Snagfilm and Starz. Its service currently aggregates more than 550,000 movies, 200,000 shows and 100 million videos from the “major video services”, according to Crunchbase.

Lastly, Plizy said the funding will also be used to build out its products across multiple platforms — specifically Android and iOS. While Plizy already has an iPad app the company spokesman said the plan — “eventually” — is to add an iPhone app too. Read more at TechCrunch


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