Qualvu Raises $1.85m for European Expansion

US-based video research solutions provider Qualvu has closed a $1.85m Series B round of funding, which it plans to use to support and expand its European client base, as well as its global operations and processes.

Qualvu's platform has been developed to help clients - including research providers and moderators, and ad agencies - conduct qual research studies. The application is used to record and post video questions to audiences, who review and respond directly from their web browsers. These video answers are then available for inclusion in client presentations.

The firm's latest financing has been raised through Tango and High Country Venture, and will be used to expand the headcount in its European operation in Dublin to a staff of 17 before the end of 2012.

Globally, Qualvu also plans to increase its headcount in enterprise, sales, product management and research and strategy by approximately 70% from its current staff of 82; while also using the funds to continue developing its technology.

CEO and founder John Williamson (pictured) comments: 'As we enter this next phase and maturation as a global company, this investment provides the capital to fuel our momentum, particularly as we dedicate even more resources to innovation and our European clients.'

As part of the funding agreement, High Country Venture Partner Chris Marks has joined the Qualvu Board of Directors.

Web site: www.qualvu.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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