Video Sharing Site Completes Second Round Funding

Video blogging service has closed a second round financing that was led by Ambient Sound Investments. The amount was not disclosed. Other participants in the round included Lauder Partners; Jeffrey Sechrest, managing director and co-head of the media and entertainment division of Lazard; Andrew Rasiej, founder of the Personal Democracy Forum; Jonathan Kopp, a partner in the marketing firm SS+K; and Ken Sawyer, founder of Saints Capital.

Two-year-old, which shares revenue with content creators on a 50/50 basis, plans to use the funding to expand its advertising opportunities and related technology. Release

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