Pulse2 Technology and Social Media News » Shelter Capital Partners

High Quality Video Sharing Site, Veoh Brings In $30 Million Series D

Amit Chowdhry — Wed, 04 Jun 2008 06:56:52 +0000

Veoh is a video sharing website based in San Diego, Calif.Â Michael Eisner, former Disney chairman is on the Board of Veoh.Â Eisner was one of the investors in Veoh’s $12.5 million in second round funding in April 2006.Â Eisner also participated in the $25 million Series C round of funding in August 2007 as well.Â And today Veoh raised $30 million in funding from Intel Capital, Adobe Systems, Shelter Capital Partners, Spark Capital, Goldman Sachs, The Tornate Company, Time Warner, and several other investors.

Veoh has two viewing options for their site.Â The first option is to allow users to stream videos from the web, but they provide full episodes of television shows giving them the leg-up on YouTube.Â The second option is to watch high quality videos using VeohTV through p2p technology.Â Like YouTube, Veoh compresses video using Adobe Flash.

Veoh claims that they receive 28 million unique visitors who spend 100 minutes per month on their site on average.Â Veoh isn’t that far behind DailyMotion and Metacafe in terms of traffic.

Information Source:
[1] TechCrunch: Veoh Raises Another $30 Million From Intel Capital, Adobe, and Gordon Crawford by Erick Schonfeld

Veoh’s $25 Million Third Round of Funding Confirmed

Amit Chowdhry — Thu, 09 Aug 2007 12:00:51 +0000

Veoh is a video content website that serves home videos and internet TV content. As of earlier, the third round of funding was tentative, but has been finalized today. The investors that are plugging $25 million into Veoh includes Tom Freston (former CEO of Viacom), Goldman Sachs Group Inc. (NYSE:GS), Spark Capital, Shelter Capital Partners, Time Warner Investments, Michael Eisner’s The Tornante Company, Jonathan Dolgen (former Chairman/CEO of Viacom), and Ziffrin law firm.

In June, Veoh launched VeohTV, a special video browser and with DVR technology that has a patent-pending smart recommendation engine embedded in the service. The address for VeohTV is www.veoh.tv.

Steve Mitgang recently started as Veoh’s CEO. Mitgang came to Veoh from Yahoo!, where he served as the SVP of Yahoo!’s global team where he helped manage the Panama project. When Yahoo! bought Overture, a web analytics company, it also acquired Keylime Software, where Mitgang was CEO.

References:
[1] paidContent.org: Eisner-Backed Video Site Veoh Raises $25 Million; Tom Freston Invests

Passenger Rides the $12.5 Million (Series A+Series B) Train

Amit Chowdhry — Wed, 08 Aug 2007 02:20:11 +0000

Passenger is a Software-as-a-Service company that allows customers to interact with their customers and announced today that they have raised $8.3 million. in Series B. According to Dan Beldy of Steamboat Ventures, Passenger allows “companies redefine their customer relationships by fundamentally changing the way consumers are able to communicate with their brands.”

Some of Passenger’s clients include ABC, Coca-Cola, and Sara Lee. These clients pay Passenger to set up networks for them and get the users to sign up via email invitations or banner ads. According to Red Herring, ABC Studios used Passenger software to “gather viewer opinions on the plotlines of Ugly Betty and Lost.

The Series B funding was led by Steamboat Ventures, Shelter Capital Partners, and StarVest Partners. The Series A round of funding was $4.2 million and was provided by Shelter Capital Partners.

Passenger enables clients to set-up live sessions where users can engage in conversation with brand reps. Passenger also allows easy to setup Discussions, Polls, Activities, Message Centers (allows members to exchange files), client dashboards, and a social network.

References:
[1] Red Herring: Passenger on Board with $8.3M