Video Sharing Site PixPo Receives $6.5 Million

Another day, another video funding: Online video uploading and sharing site PixPo, based in Victoria, B.C, has received $6.5 million in venture funding, from Madrona Venture Group as lead, and also included Growthworks, Yaletown Ventures, and Springbank Ventures (Reported first by Om here). The company says the round is still open.
PixPo says that users can dump videos onto their PCs and in less than three minutes start “broadcasting to the world.” No limits on files or file size. The founders/management list is here.

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