5min Raises $7.5 Million

Israeli how-to video site startup 5min said today that it’s raised $7.5 million in a Series B round led by Globespan Capital Partners, with previous investor Spark Capital kicking in as well. Including the $5 million first round and angel funding, this latest round brings the total amount 5min has raised to $12.8 million.

In December of last year, 5min launched its video syndication platform VideoSeed, which matches relevant how-to videos to keywords used on partner sites.

The how-to video playing field remains a crowded one. Among those that have raised funds over the past year or so are Howcast, which has taken in $10 million and Graspr, which has raised $2.5 million. And Videojug at one point had a war chest of $30 million.