Movie Website Metacafe Raises $5 Million
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Metacafe has raised $5 million out of an expected $6 million in debt, options, warrants and securities according to an SEC filing. Previous investors in Metacafe include Accel Partners, DAG Ventures, Benchmark Capital, and Highland Capital Partners.
Metacafe receives about 14 million unique visitors and focuses on a demographic of 18-34 year olds. Metacafe plans to use the additional funds to build additional editorial and sales teams. [VentureBeat]