Tongal Raises $15M For Platform That Lets Anyone Compete To Make Branded Video Campaigns

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http://techcrunch.com – Tongal has raised $15 million for its video content and social platform, which rewards people for making video advertisements for consumer brands. With the investment, which was led by Insight Venture Partners, Tongal plans to build out its global creative community. Tongal, founded in 2008 and based out of Los Angeles, has developed what could be described as a gamification and social platform for developing online video campaigns for brands. People who want to compete go through a process from idea to final selection. The winners receive cash prizes for their work. CoFounder James DeJulio (IT news)