Magnify.net Raises $1M for Video Discovery, Broadcasting

New York-based Magnify.net has raised $1M in a Series A round involving Next Stage Capital, New York Angels, Rose Tech Ventures, Active Angel Investors, Ogden Capital, Gideon Gartner, and Chris Anderson.

The company is also claiming to have attracted 30,000 publishers and over three million visitors per month. Each publisher on Magnify.net sets up a so-called channel where they can aggregate user generated videos found across the web on places like YouTube. Magnify.net also recently added webcam broadcasting capabilities so presumably this figure includes webcam channels as well.