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Thursday, August 16, 2012

Movieclips raises $18.5 million, changes name to Zefr - Yahoo! News


Movieclips - a video catalog site that helps studios collect and monetize fan and professional postings on YouTube - has secured $18.5 million in funding and changed its name to Zefr, the company announced Wednesday. The Venice, Calif.-based startup is also adding new content categories, expanding into television, music and sports, after a major cash injection from a third funding round led by U.S. Venture Partners, a venture capital firm.  

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