Vadio

Vadio was a streaming video platform developer that enabled media companies and brands to integrate licensed music videos into their digital properties. The company's technology identified songs on audio streaming platforms and matched them with their official music videos in real-time, effectively turning audio services into video channels. This provided an enhanced visual experience for users and created new monetization opportunities for the streaming services through video advertising.

The Portland-based startup was founded by CEO Bryce Clemmer and was a graduate of the Portland Incubator Experiment and the Portland Seed Fund. Vadio's business model was based on a revenue-sharing agreement with its partners, which included names like Virgin Radio and European Media Group. The company aimed to distribute music video content to the sites and services people already used, rather than becoming a consumer destination itself. Key to its offering was a partnership with Vevo, which gave Vadio access to a vast library of official music videos and live concert content.

Vadio attracted significant investment from notable figures in the music, entertainment, and tech industries, raising a $2 million seed round in 2014 and a $7.5 million Series A in 2015. Investors included former executives from NBC, Vivendi Universal, and the co-founder of Lollapalooza. The company also brought on experienced executives, such as former Sony Pictures Digital president Yair Landau as Chairman/COO and former Vevo CEO Rio Caraeff to its Board of Advisors.

Despite its promising technology and partnerships, Vadio ceased operations in February 2017 after running out of money. The company struggled with the high upfront costs of music licensing, with major labels reportedly demanding unsustainable fees. CEO Bryce Clemmer stated that the company failed because it did not raise enough capital to cover the significant investments required to secure global music rights, ultimately leading to its closure after burning through nearly $12 million in funding.

Keywords: music video platform, streaming video, video monetization, ad integration, rights management, Vevo partnership, Bryce Clemmer, Portland startup, video distribution, out of business, media technology, online radio, digital media, music licensing, venture capital