BUSINESS BLOGS
BUSINESS BLOGS
category: business
04 Jun 2008
related tags: Internet & Web | Video | Financing | Veoh |

Actually, scratch that, Hulu has raised $100M.  But Veoh is independent… while Hulu is a joint venture between NBC and News Corp.  Both services are distribution partners of WatchMojo.com.

Veoh raised $30M more, giving it a valuation of $120M.  I am not sure if it’s a pre-money of $90M, and with the $30M it’s now worth $120M, or it’s a pre-money of $120M and with the $30M it’s not being valued at $150M… but anyway you dice it, the company has now raised $70M… and with a $40M warchest it has built a $100M enterprise.