Pulse2 Technology and Social Media News » Advent Venture Partners http://pulse2.com Sat, 26 May 2012 21:27:32 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Vitrue Raises $17 Million In Series C http://pulse2.com/2011/02/18/vitrue-raises-17-million-in-series-c/ http://pulse2.com/2011/02/18/vitrue-raises-17-million-in-series-c/#comments Fri, 18 Feb 2011 21:28:27 +0000 Amit Chowdhry http://pulse2.com/?p=44053 Continue reading →]]>
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]

]]> http://pulse2.com/2011/02/18/vitrue-raises-17-million-in-series-c/feed/ 0 DailyMotion Raises $22.1 Million, Adding Up To Total Of $65.6 Million http://pulse2.com/2009/10/09/dailymotion-raises-22-1-million-adding-up-to-total-of-65-6-million/ http://pulse2.com/2009/10/09/dailymotion-raises-22-1-million-adding-up-to-total-of-65-6-million/#comments Fri, 09 Oct 2009 20:44:05 +0000 Amit Chowdhry http://pulse2.com/?p=21201 Continue reading →]]> dailymotion-logo
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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