Veoh’s $25 Million Third Round Of Funding Is Confirmed

By Amit Chowdhry ● Aug 9, 2007

Veoh is a website that serves online videos and Internet TV content. It was rumored that Veoh was in the process of raising $25 million in funding, but then it was later confirmed.

The investors involved in the third round of funding include Tom Freston (former CEO of Viacom), Goldman Sachs, Spark Capital, Shelter Capital Partners, Time Warner Investments, Michael Eisner’s The Tornante Company, Jonathan Dolgen (former Chairman/CEO of Viacom), and the Ziffrin law firm.

In June Veoh launched VeohTV, a specialized video browser with DVR technology that has a patent-pending smart recommendation engine embedded in the platform.

And Veoh recently hired Steve Mitgang as CEO. Mitgang came to Veoh from Yahoo! where he served as the SVP of Yahoo!’s global team manage the Panama project. When Yahoo! bought web analytics company Overture, it also gained Keylime Software — which is where Mitgang was CEO.

[Source: paidContent]