Mobile video sharing app Viddy has closed a Series B financing round totaling $30 million.
The startup wrapped a Series A venture found totaling $6 million in February 2012, led by Battery Ventures; Twitter co-founder Biz Stone, hip-hop mogul Jay-Z and pop singer Shakira also have invested in the company. O’Brien declined to comment on reports that the latest round pushes Viddy’s valuation somewhere between $300 million and $370 million.
Dubbed “Instagram for video” by the blogosphere, the free Viddy app–currently available for Apple’s (NASDAQ:AAPL) iPhone–enables users to capture brief video clips complete with visual effects, music and related enhancements, then share their efforts across social media platforms including Facebook, YouTube and Tumblr. Consumers may also purchase in-app content bundles from celebrity partners including rapper T-Pain and the Muppets
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