Dailymotion raises $34M (Tech Confidential


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Dailymotion raises $34M

[Posted on August 31, 2007 - 12:30 PM]

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There's no shortage of investors willing to take a shot on video-sharing Web sites. France's Dailymotion is the latest to cash in, closing a $34 million second round of funding from Advent Venture Partners LLP and AGF Private Equity. Though questions remain about how fruitful these sites can be and whether anyone can challenge Google Inc.’s YouTube for video supremacy, it won’t be from lack of effort. The funding comes just days after rival Metacafe Inc. picked up $30 million in VC funding. — David Shabelman

See story in PCWorld
See Aug. 21 story in TheDeal.com

Tags: venture capital, Dailymotion

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