Eisner-Backed Online Video Sharing Site Veoh Raises $26 Million Third Round

The fundings in the online video sharing space are still coming fast and big: Veoh, the online video service based out of San Diego, and backed and invested in by former Disney CEO Michael Eisner, has raised $26 million in its third round funding, reports PEHub. Goldman Sachs led the deal, and was joined by return backers like Spark Capital and Shelter Capital Partners. It’s likely Eisner also pumped in a bit more cash via his Torante investment vehicle, and probably the same for Time Warner Investments. The story says this gives it more venture capital (about $40 million till now) than any other online video-sharing site has ever raised (including YouTube, pre-GooTube). That’s technically true only if you don;t count the likes of Brightcove, Joost and Babelgum in it and think that those are different propositions.

Veoh has been threatening to launch something in the next few weeks which their PR say is “new disruptive technology that they are predicting will truly revolutionize the Internet video marketplace.” I would reserve judgment on that hyperbole for now, but assuming some of the money would be spent on that.