Ilos Videos, launched three years ago by two University of St. Thomas accounting graduates, has raised $1.5 million in its first formal round of capital raising beyond family, friends and insiders.
The St. Paul-based company, with 10 full-time employees, allows organizations to communicate with customers and employees through software and support that enables customized training and other videos.
Ilos Videos has served 100-plus customers and will break $1 million in revenue this year, said Sean Higgins, a founder and head of business development.
Investors in the firm include Come Up Capital, Matchstick Ventures and Router Ventures. The funding arrived after Ilos was selected from among many applicants by the Techstars business accelerator program in Austin, Texas, earlier this year.
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