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LifeClips grabs $12.2 million

LifeClips said Tuesday it received a $12.2 million second round of funding, led by St. Paul Venture Capital. The Acton, Mass.-based services company works with consumers who want to convert their videotapes to DVDs. LifeClips, which has raised a total of $16.5 million with this latest round, plans to use the proceeds to build its service through retail stores, as well as through its Web site. The company also said it is partnering with national drug store chain Eckerd, which will allow customers to drop off their videotapes at stores in the Tampa Bay, Fla., region. See complete list.

LifeClips said Tuesday it received a $12.2 million second round of funding, led by St. Paul Venture Capital. The Acton, Mass.-based services company works with consumers who want to convert their videotapes to DVDs. LifeClips, which has raised a total of $16.5 million with this latest round, plans to use the proceeds to build its service through retail stores, as well as through its Web site. The company also said it is partnering with national drug store chain Eckerd, which will allow customers to drop off their videotapes at stores in the Tampa Bay, Fla., region.

See complete list.