Wistia Raises $775K
Lexington, MA-based Wistia, whose software helps businesses measure customer interaction with online videos, has raised an additional $775,000 from a group including existing and new angel investors, according to co-founder and CEO Chris Savage. One of the new investors is Renesys CEO Ashton Peery, who is also an investor in BzzAgent and Gazelle. “Raising this round allows us to capture more of the opportunity that’s out there, expand the team, and to continue to accelerate growth,” Savage tells Xconomy. “We’ve been able to grow the company without having to bring VCs into the mix thus far.” Xconomy profiled Wistia, which previously raised $650,000, in September 2008 and May 2009.