Video Funding Keeps on Coming

It’s our sole focus to cover online video, and we still don’t get to every funding release that shoots over the wires. There’s just a lot of money changing hands in this space. Here’s some notable transactions from the last week. raised $21 million from Lionsgate; the amount wasn’t officially disclosed, but Variety claims the inside track, saying the stock deal bought the studio 42 percent of the website. Lionsgate is looking to find talent on the site and promote and distribute its own releases. In a press release Lionsgate Vice Chairman Michael Burns said the studio became interested in Break after having success as an advertiser there.

Level 3 paid $45 million for Servecast. The Dublin, Ireland-based provider of video and rights management will join the Broomfield, Colorado-based infrastructure provider, which has been ramping up its video offerings with the purchase of the Savvis CDN business in December.

Tvtrip raised $4.8 million for a video hotel directory. The funding came from Balderton Capital and Partech International. Close competitor Trivop recently raised $800,000. Both companies are based in Paris and focus on European destinations.

GolfLink acquired golf how-to video site GolfSpan, with its library of “700 professionally-produced videos from leading golf instructors (including Hank Haney, Jim McLean, Jimmy Ballard and many more).” (via paidContent).

Yesterday, we told you about raising $10 million for contextual ad placement in online videos. Also, Glowria, a European Netflix clone with IPTV and VOD services, raised $8.3 million (paidContent). And last week DiBcom raised $27 million for mobile TV chips (VentureBeat).


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