August Capital Bets on VideoEgg

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VideoEgg is announcing that it has closed a venture round with August Capital, and David Hornik has joined the board of directors. They are not disclosing the size of the round or the valuation, although I’m sure that information will be floating around later today as well and I will update as appropriate.

SAN FRANCISCO, Calif., — (January 18, 2006) — VideoEgg, Inc., a leading innovator in web-based video publishing solutions, today announced that it has closed a venture round with August Capital, a leading Silicon Valley venture capital firm that invests in entrepreneurial teams throughout the information technology market spectrum.

The company also announced that David Hornik from August Capital will be joining VideoEgg’s Board of Directors. Early funding for VideoEgg was provided by First Round Capital prior to its launch at DEMOfall in September 2005.

This is yet another one of Josh Kopelman‘s (First Round Capital) early picks that looks to be a winner. I wrote about VideoEgg and described its service on September 21, 2005 and October 25, 2005.

There are a bevy of other financing announcements for various startups being announced over the next couple of weeks.

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