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paidContent - Vidly Raises $500,000 From Investors, Including Conway, For Video Sharing

This story was written by Joseph Tartakoff.

Vidly, a startup that makes it easy for users to share videos on Twitter, has raised $500,000 in a seed round from several investors, including Ron Conway. The service went live under the name in May. Users either go to the Vidly site, where they log on to Twitter and upload a video, or alternatively e-mail a clip to Vidly from their mobile phones.

CEO Chrys Bader tells that the funding will be used for hiring and to pay for various costs, such as domain names and legal fees. The company is also planning on soon letting users share videos on sites such as YouTube, Facebook and MySpace, in addition to Twitter, according to Venturebeat.

A June tally by ChubbyBrain showed that to date investors had put $23 million into Twitter-related startups. Since then, however, Twitter-related funding appears to have only accelerated with OneRiot, CoTweet, TweetDeck and others all raising rounds. 


By Joseph Tartakoff
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