"The company also announced that David Hornik from August Capital will be joining VideoEgg's Board of Directors. Early funding for VideoEgg was provided by First Round Capital prior to its launch at DEMOfall in September 2005.

The funding will be used to accelerate the development process of VideoEgg's flagship product, The VideoEgg Publisher, as well as to expand overall marketing and business development efforts.

"August Capital is a logical investor for us and we are thrilled to be working with them," said Matt Sanchez, Co-Founder and CEO of VideoEgg, Inc. "The VideoEgg Publisher has received a very warm welcome and lots of positive feedback from partners and users across the industry. This investment will help accelerate our progress so we can bring our vision to market much more quickly." Cliff Boro, Managing Partner of venture-development group CVT Ventures and VideoEgg's Chairman added, "VideoEgg has been so fortunate to have First Round Capital as our seed investor and we are now delighted to welcome David Hornik and August Capital to our Board."