Seesmic Raising More Money

Seesmic, the San Francisco-based video startup led by French serial entrepreneur Loic Le Meur, is raising additional funding from entrepreneurs and angel investors. Many people have accurately described the company’s current project — which it says is in “pre-alpha” stage — as a “video Twitter.” New investors include Mike Arrington, Dave Winer, Martin Varsavsky, Ron Conway, and “a billionaire named Steve,” according to a video Winer posted to Seesmic. Arrington announced his part in the round in a recent TechCrunch blog post.

Le Meur said in an email that he did not want to disclose details of the round as it had not yet closed. We had previously confirmed that the company raised its first round from Atomico, Skype/Kazaa/Joost founders Niklas Zennstrom and Janus Friis’ fund. We are working on getting details of the amounts of the various investments.

Le Meur wrote,

We have about 10 investors in Seesmic and the documents are circulating now, it is not 100% signed (even though the largest investment, from Niklas and Janus that you already announced is there…)

Seesmic showed off what it’s up to at our NewTeeVee Live conference, giving us the occasion to take the service for a spin and write up a review. The company is keeping a daily videoblog about its progress; here’s a clip about NTV Live: