# DivX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/divx

- Industry: Media
- Headquarters: San Diego, US
- Website: www.divx.com
- Total disclosed funding: $35M
- Latest round: Series D (Oct 24, 2005)
- Investors on record: 9

## About

DivX, Inc. is a technology company that develops advanced video software solutions, enabling users to play, convert, and stream high-quality video content across various devices.DivX, Inc., based in San Diego, US, specializes in video software technologies. The company experienced a significant pivot when it was acquired by Sonic Solutions in July 2010 for USD 323 mn, merging its operations with Sonic. Its latest funding round, a Trade Sale, raised USD 62.50 mn, primarily from Endeavor Streaming, LLC. DivX has completed a total of 8 deals and went public on Nasdaq in September 2006, raising USD 145.6 mn during its initial public offering. The current CEOs are Brian Way, Kanaan Jemili, and Noel Egnatios.DivX, LLC specializes in advanced video software solutions designed to enhance digital media experiences for consumers and businesses. The flagship products include DivX Software, DivX Pro, and various plugins that allow users to play, convert, and stream high-quality video content. With over 20 years in the industry, DivX has pioneered digital video technology with services launched in 2001, including DivX Certified devices. The software provides seamless playback of DivX video formats, conversion to MP4, and high-quality audio playback. DivX's products cater primarily to individual consumers and content creators worldwide, with a notable presence in North America, Europe, and Asia.In 2009, DivX reported a revenue of USD 70.61 mn and an EBITDA of USD 7.40 mn, generated through direct-to-consumer software sales and subscription services. The company's revenue model combines one-time purchases of products like DivX Pro and optional recurring revenue from enhanced video functionality and ad-free experiences. This structure enhances direct relationships with customers, promoting upselling of premium features and services.DivX's future growth strategy includes the development of new software features to improve user experience and expand its product line into emerging markets. The company aims to leverage its recent funding from the Trade Sale to enhance product offerings and potentially target new geographic regions. The funds from the recent deal will assist in bolstering marketing efforts and product development, focusing on new markets by the end of 2023.

## Funding rounds

- Series D, Oct 24, 2005, $17M — Insight Partners
- Series C, May 1, 2004, $7M — EPIC Ventures, Springboard-Harper Investment, NAV.VC, WI Harper Group, Cardinal Venture Capital, Zone Ventures, ALi Corporation, Cyberlink
- Series B, Jun 4, 2002, $6M — EPIC Ventures, NAV.VC, WI Harper Group, Zone Ventures
- Series A, Sep 1, 2000, $5M — Zone Ventures

## Investors

- Zone Ventures (https://capitalatlas.ai/funds/zone-ventures) — Series A, Series B, Series C
- EPIC Ventures (https://capitalatlas.ai/funds/epic-ventures) — Series B, Series C
- NAV.VC (https://capitalatlas.ai/funds/nav-vc) — Series B, Series C
- WI Harper Group (https://capitalatlas.ai/funds/wi-harper-group) — Series B, Series C
- Springboard-Harper Investment (https://capitalatlas.ai/funds/springboard-harper-investment) — Series C
- Cardinal Venture Capital (https://capitalatlas.ai/funds/cardinal-venture-capital) — Series C
- ALi Corporation — Series C
- Cyberlink — Series C
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series D