Oncam, Group Video Calling App, Announces $7 Million Raise, Partnership with Untitled Entertainment
LOS ANGELES, Dec. 10, 2015 /PRNewswire/ -- Oncam, the revolutionary mobile Group Video Calling app, announced a $7 million growth capital raise led by Tonn Investments, and a partnership with management stalwart Untitled Entertainment.
With the increase in capital and the partnership with Untitled, Oncam positions itself as Hollywood's telecom company. A brand new, high-intimacy, high scalability-broadcasting platform that disrupts both the video calling and mobile TV industries has been created.
In front of a packed crowd of entertainment and technology leaders at the Untitled Entertainment annual Tradigital event in Los Angeles last night, Jason Newman, Senior Manager of Untitled, made the announcements to the excited audience.
Mr. Newman stated, "For the last 3 years, Untitled has been building a tech Manhattan Project out of the back of our Hollywood offices, with 30 engineers! Untitled can now have our talent connect with fans via seamless video like never before, adding them onscreen, taking questions. It is not just an app; it is an industry. Today, we are proud to announce that Untitled is part of the new ultimate fan experience platform."
"This is not an app pitch." Said Joe Shapiro, CEO of Oncam. He continued, "We are global telecom entrepreneurs, and we have built the future of mobile communication. For the first time, the phone in your pocket can handle multiple streams in a way that actually works. Nobody else can do this but Oncam."
The $7 million raise was led by Arizona based Tonn Investments and includes several high net worth participants and firms. Managing Principal - Technology of Tonn Investments, Joshua Duke, illuminates, "Oncam allows actors, directors, writers, musicians, athletes and everyone to control their integration into the public. They can speak honestly and openly to their fans, taking questions, face to face. It's another level, there is nothing else like it!"
Oncam is the future of video communication. The Group Video Calling app with live broadcasting and two-way streaming capability has created an entirely new way for people to interact. With its revolutionary video compressing and multi-stream technology, Oncam created a new industry of mobile group calling, streaming, and broadcasting anywhere—wifi or not—with any data plan or device.
Oncam's signature feature, Watch with Friends, allows users to watch YouTube videos while in private Group Video Calls or while broadcasting to an unlimited amount of followers. For the first time ever, users can watch videos together, seeing each other's reactions on the screen alongside the video. Fans can watch as an influencer debuts their new video, seeing the influencers face, reactions and commentary of up to six users on screen at once.
For more information on Oncam, please download the app from the App Store or Google Play store, or visit the website at www.oncam.com.
SOURCE Oncam
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