A couple of months ago a secretive video site has raised $800,000 seed round from Concept Ventures and its founder and managing director, Julien Nguyen, according to multiple sources on Web. The company was rumored they were in quest for its series A round of funding for some time across the Silicon Valley.
The company name is XillianTV and is based in Santa Clara, Calif. The site is said to be focused on video delivery to consumers. An interesting fact worth mentioning here is XillianTV’s chief executive and co-founder, Mitchell Berman, is a former executive from Home Box Office Inc., E! Entertainment Television Inc. and other television companies, which definitely brings in some practical hand-on experience to the start-up.
We have tried to dig something up for the company but there is basically nothing publicly available on Internet. So we leave the time to tell all us what the company is up to and does it worth the money spent on anyway.
The video sector is well overcrowded and was the hottest one for the entire 2007. If we need to guess work what the company is dealing with we would bet on anything but either technology or concept that helps publishers monetize their video inventory. Another possible area the company might be working on could be some vertical online video channel.
About Concept Ventures
Concept Ventures invests in early stage companies in digital media, communications, semiconductors, software and services, and healthtech.
Their Investment Focus is in early stage entrepreneurs, who sometimes only have a rough idea of what to do, and help them formulate a crisp business strategy that addresses an important problem, with a business model that will fuel the growth of the company. The explosion of consumer electronics has created large opportunities in digital media, communications, and semiconductors. Applications for consumer electronics devices are crucial to the success of these devices, and entrepreneurs are coming with new ideas of software and services.
With U.S. healthcare industry consuming $2 Trillion per year of the nation’s resources, we believe that new efficiencies can and must be applied to the healthcare sector. That is why we are investing in companies that deploy scalable technologies to increase the efficiency of healthcare, a sector we call HealthTech.
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We work closely with entrepreneurs from as early as the seed level. Startups can benefit from our operational experience to help them define markets and business strategies. We can also help build a top tier investment syndicate for all rounds of financing.
Reading through the profile of their investors could it be that XillianTV is trying to get something worked out within the so-called by Concept Ventures HealthTech sector?