Levels Beyond Secures $4.5 Million Funding Round
SAN DIEGO, CALIF. – Levels
Beyond announced receipt of a $4.5 million Series A investment from TVC
Capital, a San Diego-based growth equity firm focused on investments in and
acquisitions of software and software-enabled service firms. Levels Beyond is
the developer of Reach Engine software, which it says now manages more than “1
million digital vide files every month.”
including Comcast, Hallmark Channel, UFC, Disney ABC and others license Reach
Engine, according to Levels Beyond. The open-standard software manages aspects
of multiplatform distribution of video files.
Art Raymond, CEO
of Levels Beyond, said the company will expand its sales, marketing and
business development with the financing. In particular, the investment will be
used to further develop and market Reach Engine’s hybrid cloud offering which
bundles localized video production with cloud-based library management, file
processing, approval workflows and distribution services.