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 Send to email | Veoh Grabs Another $30 Million; Valued At About $125M in ADBEINTC |  By Silicon
el 03-Jun-2008 |  Video-sharing site Veoh has raised another $30 million and has brought aboard three brand-name investors: Intel (INTC), Adobe (ADBE)and Capital Research's Gordon Crawford. We hear the round values the company in the $120 million- $125 million range, pre-money. The LA-based startup has raised $70 million to date. When we wrote about the company's fund-raising efforts in February, we had heard they were looking for $40 million at a $150 million valuation.
Release excerpt:
Veoh Networks the world's most comprehensive Internet Television service, today announced that it has received an additional round of funding led by Intel Capital, the global investment arm of Intel Corporation, and joined by Adobe Systems Incorporated and Gordon Crawford, senior vice president of Capital Research Global Investors. The funding from these new investors -- with support from existing investors Shelter Capital, Spark Capital, Goldman Sachs, Michael Eisner's Tornante Company, Time Warner Investments and Jonathan Dolgen -- totals $30 million. Veoh will use the capital to further enhance its viewer offerings, strengthen its lead in video discovery, expand its advertising products and targeting capabilities, and extend its services across multiple platforms.
See Also: Veoh Raising Another $40 Million?
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| Million Dollar Blogger Interviewed | | Yaro Starak has just published an audio interview with one of his former students (and now a coach) from BlogMastermind Alborz Fallah.
Alborz is behind a car blog here in Australia - a blog that has enabled him to grow his blog to a point where it’s been valued at over $5 million - have a [...] [..] Read complete article | | Published 24-Jul-2008 by Darren Rowse in Case StudiesPro Blogger Interviews
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| Widget Maker RockYou Raises $35M C Round |  RockYou, the widget-maker that brings Facebook users time-wasters like SuperWall, has raised a $35 million C round led by VC firm DCM. No word on valuation yet; we'd previously valued the second-biggest app business at $325 million.
[..] Read complete article | | Published 09-Jun-2008 by Silicon in General
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| Video Shakeout Continues: Veoh Fires 15 | | Collapsing online video-sharing site Veoh cut 15 employees from its St. Petersburg, Russia offices. The company denied Valleywag's report of much deeper cuts (40 of its 110 employees). It also plans to rehire the positio [..] Read complete article | | Published 21-Oct-2008 by Silicon in General
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Music site imeem Grabs More Sequoia Financing | | Music site/social network imeem has taken a follow-on investment from Sequoia Capital. Sequoia mentions the deal in its monthly "GreenSheet" summation of company news, but doesn't specifiy the amount; an imeem spokesman declined to comment. The news was first reported by TechConfidential.
Last week imeem finished acquiring Snocap for a sum thought to be less than $5 million; other invest [..] Read complete article | | Published 15-Apr-2008 by Silicon in WMG
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