ClipClock Project announces venture investments for the first round

ClipClock Project announces venture investments for the first roundClipClock.com Internet service announces the first round of investment from Igor Ustinov, the venture investor and the creator of the Buka game holding, sold to 1C Company in 2008. The agreements were reached at the end of last year. The volume of shares taken by Ustinov and the amount of investment was not disclosed. The money will be spent on technical development and marketing promotion of the service in the USA, says Alex Krainov, the project founder.

ClipClock, launched in March 2012, helps users to choose the right moment in the video regardless of its duration, and make it accessible to other users. This is useful when a user does not want to make his friends watch the whole video to view the interesting moment. The service allows you sharing videos, fixing the time of playback beginning accompanied with the comments.

ClipClock Service was highly evaluated at the Co-Investments Day held on March 24 (organized by Startup Monthly in partnership with Farminers and Greenfield Project). More than 50 venture capital funds and private investors participated in the vote for the best project, and ClipClock was selected the winner among 30 competitor-participants.

In addition, in the beginning of March the startup passed through the contest and became the Microsoft Startup Accelerator participant, and on March 22 took the first place among the ten Media Award competitors, held during the Microsoft Mobile Acceleration Week.

Alexei Krainov, the ClipClock.com founder and CEO: We have received the valuable feedback from the market participants, venture funds and consumers. The major attention was paid to our service, its global outlook and the potential of wide application were confirmed - from the selecting the most vivid moments in a family video, up to the structuring of lectures and business presentations. In April we are launching the service in the USA, and will use this idea in the development and promotion of the project.

The company has already started talks with several venture capital funds on the second round of investments over $ 2 M, which the company plans to invest in the technological development of the service, and marketing promotion on B2C and B2B markets of the United States.