Mobile Video Platform Transpera Closes $8.25 Million In Second Round

Transpera, the Santa Monica, Calif.-based mobile video platform company, has closed a second round of funding worth $8.25 million. Labrador Ventures and all previous investors, including Flybridge Capital Partners, Intel (NSDQ: INTC) Capital and First Round Capital participated. The mobile video platform, which allows for an ad-supported model, has attracted interest from MTV, Discovery (NSDQ: DISAB), CBS (NYSE: CBS) and many others. The capital, which includes debt financing from Silicon Valley Bank, will help the company expand the product line and serve customers. In addition to the round, the company announced it has appointed Brian Monnin to the position of chief product officer. Previously, Monnin worked at Brightcove, where he was VP of Publishing Products and led the development of online media editing tools for publishers.