. Video Service Magnify Raises Additional Funding
The video service, which recently launched Eventcaster to aggregate videos from an event, has secured an additional $500,000 in new funding from previous investors, including Next Stage Capital, New York Angels, Rose Tech Ventures, Active Angel Investors, Chris Anderson, and other unnamed individuals according to paidContent. Magnify CEO Steve Rosenbaum also told that publication that the company's total funding is now slightly under $3 million and the company is "close to break even."
[Editor's Note: Magnify powers NYConvergence's NYConvergence TV channel.]
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