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Thursday April 24, 2014

Chris Kelly Invests $1M in NY-Based Magnify

 

Image representing Magnify as depicted in Crun...

Image via CrunchBase

Magnify just raised $1 million of a planned $7 million second round of funding. Chris Kelly, Facebook’s former general counsel and chief privacy officer, led the round. Kelly told VentureBeat that Magnify could become a “Wordpress for video creation on the Web.” The NY-based startup created a way to let users profile videos by tagging them. Using Magnify’s tools, publishers such as TEDx can curate videos, aggregate and host content.

VentureBeat