Vadio distributes music videos and video ads to a number of audio platforms, including streaming services. Vadio currently has a direct partnership with VEVO, in which they distribute VEVO’s videos to other platforms.
Surprise, surprise. VEVO’s former CEO Rio Caraeff has now joined Vadio’s Board of Advisors. Yair Landau, Vice Chairman of Sony Pictures Entertainment, is now Chairman and COO of Vadio.
Vadio has raised $7.5 million in Series A funding. The round was led by Marker LLC.
Existing investors and other unnamed sources also participated in the round.
Vadio says the funding will “scale the company’s efforts to deliver music video content to the services people enjoy most“.
Back in August, Vadio announced that they had raised $2 million in seed funding.
Nina Ulloa covers breaking news, tech, and more: @nine_u
VEEVOO does not burn music goodwill quickly enough so Rio had to jump from the burning house and start fresh fires outside of the main INFERNO.
Very impressive business approach to arrive ahead of schedule with dry and cool ashes!!!
THEN WE WILL BUILD NEW MUSIC HOUSE! Hopefully without Rio and his UMG friends!