Blog Post

BitTorrent Raises $20 Million in Funding

Updated: the company has officially confirmed the other reports, and has issued a release here, with the amount. Also, founder and CEO Bram Cohen stays, contrary to rumors, though I would bet they will bring in a new CEO soon.
BitTorrent, the commercial version of the P2P swapping software, has received $25 $20 million in second round of funding, The reports first surfaced (first on GigaOm) earlier this week…the funding comes as the company announced deals with movie studios to be part of its online video service to be launched in February next year.
Accel Partners led the deal…existing backer DCM-Doll Capital Management also participated.
Prior to this it had raised a total of $11 million.
Related: BitTorrent Does Studio Deals; Delays Launch; Possible Big Funding Round