Youku Raises $40 Million; Now At Over $80 Million In Total Funding

YouKu Logo is a popular video sharing website based in China.  This website is known for hosting full movies, but has blocked certain regions from being able to play them.  Youku has raised $30 million in funding from Maverick Capital, Brookside Capital, Sutter Hill Ventures, Farallon Capital, and Chengwei Ventures.  Youku also received a $10 million loan for equipment from Western Technology Investment.

“This investment will enable us to advance the company’s rapid growth, expand our sales and marketing network, and most importantly, accelerate our monetization process as the online video market matures and consolidates in the coming year,” stated Victor Koo, President/CEO of Inc. in a press release. “With the new funds, we will be deepening our service to users, advertisers and media partners to give them the best and largest platform in China to distribute video content online.”

Youku receives 100 million unique visitors per month and each users spends about 300 minutes per month on the site.  Youku is the #6 largest site in China in terms of the amount of time that is spent on the site.

“We are happy with Youku’s success and its progress in monetization,” stated Len Baker, Managing Director at Sutter Hill. “The Youku team has clearly demonstrated its excellent execution capability, and we believe Youku is in the right position as online video takes off on a massive scale in China.”

Youku has also recently partnered with Universal, China Film Group, Beijing TV, EMI, Huayi Music and several other media firms. 

Youku’s last round of funding was $40 million.  That investment was provided by Sutter Hill, Brookside Capital, Chengwei Ventures, and Farallon Capital.

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This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at

Youku Raises $40 Million; Now At Over $80 Million In Total Funding Comments

  1. King of all Seach Marketing says:

    I wish i could raise $40 million. Youku is in chinese but it just like Youtube easy to use.

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    Video sharing is all the rage these days. We all want to share our videos, to share our passions and the things we like. There are so many sites around to publish our videos on the web that it is sometimes hard to make a choice. We know some of them like YouTube, Revver or Dailymotion, but there are so many others competing to be the number one, or targeting a specific audience, whether geographically (China, Japan, Turkey…), by language (German, Arabic, French…) or for the kind of content they enable to publish (cooking, planes, extreme sports…).
    I have compiled a growing list of more than 700 video sharing sites, video search engines, and video download sites that you can check at
    For each of them, you will get useful information such as their history, the country from which most of their visitors come, their niche, their rank, their latest news…
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