7 Comments

Summary:

Veoh has raised $26 million in Series C funding, according to peHUB, with Goldman Sachs leading the round and Spark Capital and Shelter Capital Partners upping their stakes. peHUB thinks it’s likely Michael Eisner’s Tornante and Time Warner Investments participated as well. San Diego-based Veoh has […]

Veoh has raised $26 million in Series C funding, according to peHUB, with Goldman Sachs leading the round and Spark Capital and Shelter Capital Partners upping their stakes. peHUB thinks it’s likely Michael Eisner’s Tornante and Time Warner Investments participated as well. San Diego-based Veoh has raised more than $40 million in total.

peHUB makes a big deal about the amount, which we’ll grant is huge, saying “it dwarfs what Veoh’s competitors have raised.” However, Veoh, which has always had a desktop client component, is developing technology that would put it in competition with Joost and Babelgum. Joost recently raised $45 million in one round alone, and Babelgum has taken $13.2 million (in personal funding; see comments below).

A Veoh spokesperson as much as confirmed the round when we called him this morning. We are waiting official comment. Veoh told us yesterday its user base is now 12.5 million, up from 4.4 million in February.

Veoh Dmitry Shapiro emails to say,

“This is an extremely exciting time for Veoh. We are not ready to disclose all of the specifics due to ongoing discussions with a number of strategic partners. Once all details are finalized, we will announce the full scope of this major company news.”

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  1. Slight clarification: The entire $13.2 million that has been invested in Babelgum has come directly from its founder and Chairman, Silvio Scaglia.

  2. Thanks, you’re right, I should clarify that.

  3. Veoh has championed our original content from the get go and is a innovative visionary in this space. Yeeeho for Veoh!

  4. Chris Neumann Friday, June 15, 2007

    I’ve always been impressed with Veoh’s technology development. They’ve been really good with iterating their technology to respond to end-user needs. I think this is what has put them ahead of competitors like Revver and Metacafe, who it seems have been focused on chasing YouTube.

  5. VentureBeat » Veoh, the high-quality video sharing site, raises $26M Thursday, September 13, 2007

    [...] says its “user base” is now 12.5 million, up from 4.4 million in February — we’re assuming that’s monthly uniques, but are [...]

  6. OMG! GodTube Raises $30 Million « NewTeeVee Sunday, May 4, 2008

    [...] funding round puts GodTube in company with the likes of Veoh ($40+ million raised), Brightcove ($59.5 million raised), and Tudou ($85 million raised). GodTube’s holy haul also [...]

  7. Veoh launches web TV player | NEWS Gate Saturday, January 23, 2010

    [...] company raised a massive $28m (£14m) in Series C funding last week, more backing than any other online video site. The round was led by Goldman Sachs. Veoh has now [...]

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