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Vantrix Corporation has secured $12 million in Series B financing which was lead by Chicago-based JK&B Capital, early investors including Summerhill Venture Partners (the venture arm of Bell Canada Enterprises), Entrepia Ventures, BDC Venture Capital, and Innovacom (the venture arm of France Telecom) also further in this round. Vantrix Corporate is a Montreal-based provider of mobile multimedia adaptation and delivery solutions, that all help content producers deliver rich media content, including messaging, advertising, and live video and audio streaming.

“Media companies and wireless operators face two types of problems when it comes to stimulating consumption of mobile content: device fragmentation and the lack of scalable business models,” said Ali Shadman, Partner at JK&B Capital, who has also joined Vantrix’s board of directors. “Vantrix possesses the intellectual property and vision to solve both problems and facilitate the mass market adoption of mobile media. Vantrix’s unique technology and strong management team makes a very powerful combination. We are excited to help Vantrix capitalize on the many opportunities ahead.”

The company has also announced they will be opening a new sales and R&D office in Bangalore along with further expansion of its New York office.

Categories: Deal Flow