Friday, April 20, 2012

Crest Capital Ventures Backs Online Video Editing Startup

A brand new, venture investing firm based in Houston, Crest Capital Ventures, is the lead investor in a developer of online, cloud-based video editing software, WeVideo, WeVideo announced Friday, leading a $19.1M round for the company. WeVideo, which is based in Silicon Valley, said the round was led by Crest Capital Ventures, and will go to ramp its development team. WeVideo's online service allows users to collaboratively edit and manipulate videos. Credit Capital looks to be headed by Jason Wood, who according to his LinkedIn profile was most recently at Sun Microsystems. Crest Capital Ventures is focused on early to late-stage funding for software and related technology companies. More information »