The digital media company backed by corporates including GE and the New York Times raised $55m from its initial public offering.
Online video platform Brightcove raised $55m when it floated last Friday, issuing five million shares priced at $11.00 each. The price was right in the middle of the $10-$12 range set by the firm.
The two largest shareholders remain Accel Partners and General Catalyst Partners, which hold 26.4% each, while corporate investors include The New York Times, IAC, Transcosmos, Dentsu, J-Stream, Cyber Communications, and corporate venturing units representing GE and Hearst Interactive Media. Brightcove has raised more than $100m in…
