VMIX Adds $16.5 Million in Funding to Expand Video Network

VMIX, which powers social networking communities for a number of leading media brands, has raised $16.5 million in Series B funding. VMIX offers is own online community where users can upload videos and create their own channels, but also partners with popular sites including the Independent Film Channel and Media General.

This round of funding comes from ATA Ventures, JK&B Capital, Mission Ventures, and Enterprise Partners.

Vitrue, which also offers private label video services, announced a $10 million round of funding earlier today.

[via PEHub]