HipMojo.com http://watchmojo.com/web/blog Covering Online Video, Web, Search, Investing, Technology, Strategy, Investing, M&A, Financing, VCs Tue, 24 Nov 2009 01:14:49 +0000 http://wordpress.org/?v=2.1.3 en Veoh Now Most Highly Funded Independent Video Distributor http://watchmojo.com/web/blog/index.php/2008/06/03/veoh-now-most-highly-funded-independent-video-distributor/ http://watchmojo.com/web/blog/index.php/2008/06/03/veoh-now-most-highly-funded-independent-video-distributor/#comments Wed, 04 Jun 2008 00:34:09 +0000 Ashkan Karbasfrooshan FinancingInternet & WebVeohVideo http://watchmojo.com/web/blog/index.php/2008/06/03/veoh-now-most-highly-funded-independent-video-distributor/ 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.

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