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DailyMotion receives $34M in venture funding

Filed in archive Internet TV on August 31, 2007

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.



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Tags: YouTube  2007  venture  funding  dailymotion  dailymotion+receives  venture+funding  receives+venture 

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