DailyMotion receives $34M in venture funding
Some of you expressed interest in DailyMotion.com – a French site trying to compete against YouTube – after I wrote about it 9 months ago. Dailymotion has grown rapidly to reach some 37 million visitors a month.
The wall street journal today has a story about them receiving securing $34 million in venture-capital funding to expand.
The company's new funds come from venture-capital firms Advent Venture Partners LLP of London and AGF Private Equity of Paris, a division of Allianz AG. Dailymotion already had raised about $9.5 million in October from venture firms Atlas Venture and Paris-based Partech International.
Posted by admin on August 31st, 2007 :: Filed under Internet TV
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October 5th, 2007
Competing with youtube? not a chance, unless the EU regulator says youtube violates their anti-trust rules.