Hong Kong’s Fung Capital, the investment arm of the Fung Family, has led a $7 million Series A funding round in ThirdChannel, while US-based Vidrovr, which helps publishers find the most relevant videos to go along with their content, has raised $1.25 million in seed funding led by Samsung NEXT.
Fung Capital leads $7m Series A in Third Channel
The funding will enable ThirdChannel to expand the footprint of its real-time platform across key markets to give more brands and retailers visibility into what’s happening – or should be happening – in physical stores and greater ability to take action to meet consumer demands, it said in a statement.
The Fung Family controls the Fung Group whose core businesses are engaged in supply chain management, logistics and retailing.
“According to U.S. Census data, more than 90 percent of retail sales still take place in stores. Brands must keep feeding their brick-and-mortar investments, and retailers need to support powerful brand activations on the store floor,” said Gina Ashe, CEO, ThirdChannel.
“ThirdChannel acts as a digital hub for physical stores, with advanced tools and real-time data collection and analytics to close gaps and create a stronger in-store experience.”
Vidrovr raises $1.25m from Samsung NEXT, Verizon
US-based Vidrovr, which helps publishers find the most relevant videos to go along with their content, has raised $1.25 million in seed funding led by Samsung’s early stage investment fund Samsung NEXT, said a Tech Crunch report. .
The round also saw participation from Verizon Ventures and R/GA Ventures, Social Starts and individuals including Bernd Girod.
Vincent Tang of Samsung NEXT is joining the startup’s board of directors.
Vidrovr develops multimodal computer vision and machine learning systems to index, tag, and understand video. The company was started at Columbia University, incubated at Techstars NYC and is part of the first batch of startups at the Verizon Media Tech Venture Studio.