European Netflix Clone Glowria Secures $8.3 Million Financing

Glowria, a European Netflix clone, has raised $8.3 million, NetEco reports (in French). (via Alarm Clock Euro.) The company received the investment from existing investors Seventure (Groupe Natixis), Crédit Agricole Private Equity, and Mousse Partners. Mihai Crasneau, Glowria’s founder and CEO, recently left the company. In addition to its DVD business, which currently serves 35,000 European users, Glowria also runs IPTV and VOD services. Release (in French)

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