HapYak.com, a Waltham-based social video commentary platform, said today it has secured $850,000 in seed funding to expand and build upon its platform.
The funding round was led by Kepha Partners with participation and coordination from CommonAngels of Boston and angel investor Tom Burgess, former CEO of Third Screen Media.
HapYak invites users to create drawings, record narration and add comments directly to any video from YouTube, Vimeo and other popular services. Platform users have already created hundreds of video commentary experiences that range from video game walkthroughs to vegan cooking to the presidential election, HapYak said.
"Video on the web is changing fast and users are demanding richer and more interactive experiences. By making it possible for different people to contribute to each other's videos, HapYak is creating a whole new type of valuable user-generated content that's great for viewers and great for publishers who need to engage them," said founder Kyle Morton.
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