Online video management company Brightcove has confirmed the closure of a $12 million (€8.93m) Series D financing, but remains silent on the possibility of an IPO.
The new financing has been led by Accel Partners and General Catalyst with other existing investors including AOL, Hearst, AllianceBernstein, Maverick, and Brookside Capital, also participating. The latest round brings the total investment in Brightcove to $99 million.
Writing on the company blog, communications director Josh Hawkins confirmed the investment, but made no mention of the possibility of an IPO.
Hawkins said that in addition to bolstering Brightcove’s balance sheet, the finance would be used to expand further into Europe and Asia, rollout the new Brightcove Express worldwide, and possible mergers or acquisitions.