Hedge fund, GLG Partners has invested $30 million into GodTube, a Christian video sharing web site, valuing the company at $150 million.Â GodTube previously raised $2.5 million. Â The company is based in Dallas, Texas and was co-started by Chris Wyatt, a former CBS exec producer.
GodTube recently launched GodCaster and the Video Police.Â Video PoliceÂ are real humans ensuring that explicit content is not uploaded to the site. Â “Godcaster” is a way for churches to stream live videos of their services online.
GodTube is the only site I’ve seen that has raised funding by taking a web 2.0 concept and combining it with religion. Â On the contrary, Google/YouTube is filing a trademark suit against JewTube. Â There are many companies out there that takes religion and mixes it with the name of a social network includingÂ HinduSpace, MyPraize, MuslimSpace, and MyJWorld. Â
Religion social networks are opening constantly, yet these niches have not quite been saturated yet. Â Most of these social networks out there are unique to the specific religion.
 Hoping For Ungodly Returns: Christian Video Sharing Site GodTube Gets $30 Million Funding