Magnify.net has secured an additional $1 million dollars in financing. Proceeds from the round will be used to expand customer acquisition efforts, increase staffing for its Ad Share ad network, and continue to innovate in the technology that is evolving video into a community-centric solution for web publishers. Magnify.net lets people easily and instantly create and run online, “themed” TV stations as a destination or an extension to an existing corporate or personal web site.

The new round included all existing investors including Next Stage Capital, New York Angels, Rose Tech Ventures, Active Angel Investors, and a number of individual investors including Chris Anderson. Joining in this round were new investors Ogden Capital and Gideon Gartner, founder of The Gartner Group.

Unlike typical social networks that host video and connect people, Magnify.net provides the tools and resources to discover, review, organize and broadcast themed video – regardless of where it’s hosted.

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