It was not $15 million. It was not $25 million. The truth was somewhere in the middle. BitTorrent, the San Francisco-based digital media delivery company announced this morning that it has raised $20 million in Series B financing in a round led by Accel Partners. Doll Capital Management, an initial investor in the company also participated in this round.
We had first reported the news of this pending announcement on Tuesday, and our sources indicated that the round was around $15 million. Mike Arrington then reported that the round was closer to $25 million. We were both off by about $5 million. BitTorrent previously raised $8.75 million from Doll Capital Management, something we also heard rumored before it happened. The company recently announced partnerships with 20 major film studios and television content creators.