Online video’s collective bank account expands a little bit every day; SpongeFish, Viewdle, Cotendo, and (possibly) Tudou have received new money.
SpongeFish received $2 million to join in the already-crowded field of user-generated how-to sites. It’s going up against some pretty heavy hitters with deep pockets, so SpongeFish better soak up a lot more cash or have a really killer angle to succeed. We poked around but couldn’t find who participated in the investment round.
KIT Capital, which recently invested in beleaguered IPTV company ROO Group (which recently moved to Dubai), has made an undisclosed investment in video-search company Viewdle. A spokesperson for Viewdle told us KIT’s minority investment is more of a symbolic gesture in support of a larger business development deal, not part of a larger round of funding.