Holy (expetive), the YouTube-for-the-religious site GodTube has raised $30 million, according to paidContent. The money came from hedge fund GLG Partners and the valuation for this round was approximately $150 million. GodTube had previously raised $2.5 million from private investors (see our previous coverage).
This funding round puts GodTube in company with the likes of Veoh ($40+ million raised), Brightcove ($59.5 million raised), and Tudou ($85 million raised). GodTube’s holy haul also adds to the more than $217.3 million video startups have already raised this year.
GodTube says it has 2 million users a month, though public measures put the site’s traffic on an even more modest (and downward sloping) level.
Wonder if J.C. got any options.