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Pan-European video sharing upstart Kewego has raised a $6.9 million (EUR 5 million) second-round investment to fund further international development. Formed just last year from the rollup of two French video-sharing sites, the Paris-based site raised $6.3 million from Banxei Venture Partners in its first round; Banxei returns for this round with CDC Enterprises, the French government’s EUR 150 investment fund, which specializes in co-funded early startups.
Kewego operates video upload sites under its own name in 10 European countries and in multiple languages, but YouTube chasing is becoming an increasingly crowded space so Kewego also provides white-label user-generated content sites to clients including Orange, Lycos, French broadcaster M6 and T-Online.