Tuesday, June 25, 2013

Invodo Finds $5M In Funding

Austin-based Invodo, the developer of video products for the e-commerce market, has raised $5M in a financing, the firm said today. The company said the funding came from Comerica Bank, and will go to accelerate business growth and technology development. Invodo helps product and publish video online for manufacturers, and says its clients include clients such as Hamilton Beach, L'Oreal, Rawlings, Academy and Samsonite. Invodo said the funding came from Comerica Bank's Technology and Life Sciences (TLS) division, and will be invested in additional engineering talent and to support new client acquisition.