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Summary:

Holy (expetive), the YouTube-for-the-religious site GodTube has raised $30 million, according to paidContent. The money came from hedge fund GLG Partners and the valuation for this round was approximately $150 million. GodTube had previously raised $2.5 million from private investors (see our previous coverage). This funding […]

Holy (expetive), the YouTube-for-the-religious site GodTube has raised $30 million, according to paidContent. The money came from hedge fund GLG Partners and the valuation for this round was approximately $150 million. GodTube had previously raised $2.5 million from private investors (see our previous coverage).

This 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 adds to the more than $217.3 million video startups have already raised this year.

GodTube says it has 2 million users a month, though public measures put the site’s traffic on an even more modest (and downward sloping) level.

Wonder if J.C. got any options.

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  1. I agree with Comment number 1 that the poster of this Article is Stupid

  2. The Chutry Experiment » First Day of Summer Links Friday, May 9, 2008

    [...] Albrecht has a discussion of the religious-themed YouTube competitor [...]

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