Amit Chowdhry | February 18, 2011 | 726 views | Add a Comment
Categorized under Advent Venture Partners, Advent Venture Partners LLP, Comcast Interactive Capital, Dance Ventures, General Catalyst Partners, Scale Venture Partners, Vitrue
Vitrue is a social media management company that has raised $17 million in Series C funding. Scale Venture Partners and Advent Venture Partners led this round of funding. Existing investors General Catalyst Ventures, Comcast Interactive, and Dance Ventures also participated. Some of Vitrue’s customers include Ford, Intel, MTV, Best Buy, and McDonald’s. Vitrue will be using the funding for expansion. [Mashable]
Amit Chowdhry | April 20, 2009 | 1,642 views | 2 Comments
Categorized under Advent Venture Partners LLP, AGF Private Equity of Paris, DailyMotion, Ian Brotherston, Mark Zaleski, Partech International
Dailymotion.com is a user-generated content video website that competes directly with YouTube. Dailymotion is a top 100 global website on Alexa. The company was started in France and raised $34 million in funding two years ago from Advent Venture Partners LLP and AGF Private Equity of Paris. This is on top of the $9.5 million in funding that was provided by Atlas Ventures and Partech International.
The company has also hired Ian Brotherston, a former AOL executive as their CEO. Ian will be taking the place of Mark Zaleski, who is expected to take a non-executive chairman position.
DailyMotion’s revenue is around $16.2 million, but it is not enough to cover bandwidth costs. YouTube on the other hand consumes close to $2 million per day in bandwidth costs and makes about $513-$663 million per year.
[via VentureBeat]
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