U.S.-Israeli startup Whipclip, which allows the sharing of TV and video clips, said it raised more than $40 million in a third round of funding led by asset management firm Eminence Capital. Additional participants include existing investors Institutional Venture Partners and Raine Ventures, Whipclip said on Wednesday. The new funds will be used to accelerate Whipclip’s product development and further build its operations and content partnerships, it said.

Source: Yahoo Music
Link: TV, music clip sharing startup Whipclip raises million