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iAmplify Lands Over $6M in Series A Round of Venture Capital
Kodiak Venture Partners funds digital media publishing company
New York, NY May 4, 2007 iAmplify.com today announced it closed over $6 million in Series A financing led by Kodiak Venture Partners.
iAmplify.com is a leading publisher of premium digital media providing the platform and distribution network for experts, authors, celebrities, media companies and individuals to publish paid audio and video content over the Internet.
The company will use the capital to grow its sales force to expand digital media distribution, and to further enhance its offerings. Chip Meakem, General Partner at Kodiak Venture Partners, has joined iAmplifys Board of Directors.
"What really impressed us is Kodiaks pro-entrepreneurial approach to working with its portfolio companies," said Murray Hidary, CEO and Co-Founder, iAmplify. "We look forward to working with Kodiak to develop new relationships, build our team and deepen our market penetration."
"iAmplify has many of the things we look for in an early-stage deal. The founders are successful serial entrepreneurs who have created a scalable, defensible model in a hypergrowth market where our experience and contacts can help," said Chip Meakem, General Partner, Kodiak Venture Partners. "We are excited to work with the iAmplify team."
"Expert-generated video is the next untapped market now that generic user-generated video is a widespread medium." Jack D. Hidary, Chairman and Co-Founder, iAmplify said.
Kodiak Venture Partners is a Waltham, Mass.-based venture capital firm focused on seed and early stage investments in emerging communications/wireless, semiconductor/equipment, software/services and Internet/new media companies. Kodiaks investment partners are successful high-technology business entrepreneurs who take a hands-on approach to building market leaders. For more information, visit www.kodiakvp.com.
iAmplify.com, a leading publisher of premium digital media is a Web-based syndication network, providing the tools and storefronts for leading experts, authors and celebrities such as Marianne Williamson, Marilu Henner, Kathy Smith and the Emmy Award Winning Sports Legends library as well as media companies such as HarperCollins Publishers, a subsidiary of News Corporation (NYSE: NWS, NWS.A; ASX: NWS, NWSLV), to publish paid audio and video content over the Internet. The company sells exclusive content on its Web site, iAmplify.com, and via syndication to portals, aggregators and distributors.
iAmplify has exclusive rights to a large catalog of content in more than 30 verticals such as fitness, yoga, nutrition, relationships, spirituality, sports and more. Content is available for download to computer or any portable media device including iPods and cell phones; and is always available online at www.iAmplify.com. Founded in 2005 by Internet pioneers Jack and Murray Hidary, iAmplify.com now has offices in New York and Los Angeles.