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 | October 9, 2009 | 816 views | Add a Comment
Categorized under Advent Venture Partners, AGF Private Equity of Paris, Atlas Venture, DailyMotion, Partech International
Earlier today I wrote about one video company buying another in order to compete further with YouTube. To be honest, I had never heard of Motionbox or Viddyou, but one YouTube competitor I have heard of is DailyMotion. DailyMotion has just raised $22.1 million giving them a total of $65.6 million.
DailyMotion is based in France and specializes on both independent films along with user-generated movies. DailyMotion CEO Cedric Tornay said that the funding will be used to strengthen the balane sheet and fund the growth of the company. DailyMotion’s revenue is expected to grow about 50% this year and they are profitable.
That is Impressive for a website that spends tons of money on bandwidth and storage. YouTube reportedly costs Google $2 million per day to keep alive.
The investors in this round of funding includes Atlas Venture, AGF Private Equity, Advent Venture Partners, and Partech International.
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