Wistia, the hot young startup in Lexington, Mass., that helps companies share and monitor the effectiveness of their online videos announced that they received a $775,000 angel investment today. Wistia has raised $1,425,000 since their launch in 2006.
Ashton Peery, CEO of Renesys (and also a fellow New Englander) is the angel investor behind the new deal. Peery invested earlier and is back for more! He’s also invested in companies like BzzAgent and Gazelle.
I got co-founder and CEO of Chris Savage on the phone to get his thoughts on the funding.
“With this round of funding there is even more reason to stay in Massachusetts; we’re not going anywhere,” Savage confirmed. According to Savage, Wistia’s next move is to crank up the volume; they’re looking to hire more developers, operations managers, and salespeople.
Wistia’s a company you want to work for. “We have a very relaxed culture. That means jeans, t-shirts, yoga balls, remote control helicopters, Nerf missiles and event a weight bench,” Savage told me over Email.
Wistia has a sweet work environment and they’re making money. With angel investment support, Wistia’s built a patent-pending technology that allows big clients like Cirque du Soleil, Nestle and Keva Systems to monitor and track how viewers and customers watch their online videos. Their packages range from $39 a month to $379 a month and they also customize enterprise packages.
Keep co-founders Chris Savage and Brendan Schwartz on your radar; Wistia is a young startup who is turning a profit and attracting some major companies. Savage and Schwartz are using their young and creative minds to change the online video environment. Imagine being able to know when and where a viewer rewinds, fast-forwards, or stops your video… Going viral just got a lot easier.
Do you Want to keep up with Wistia? Follow them on Twitter and fan them on Facebook.