DailyMotion.com Receives $25 Million In Its Latest Funding Round
Dailymotion.com, one of the top 100 web sites in the world, today announced a funding round of $25 million (17 million euros). The round, led by the French Sovereign Fund (FSI) and including original investors Advent Venture Partners, AGF Private Equity, Atlas Venture and Partech International, recognizes Dailymotion’s leading audience position and sustainable business model. FSI contributed $11M (7.5M euros) to the round.
Dailymotion already attracts 60 million unique visitors and one billion video views monthly. The funds will be used to accelerate the company’s growth globally and to expand its offerings, including to multiple platforms such as mobile and IPTV.
Dailymotion was one of the first sites to do a revenue share with its video contributors. Dailymotion is partnering with many companies to get its content on to other platforms.
Rumors in Hollywood and Silicon Valley say that Dailymotion may be shopping for a hardware partner to create an “Over the Top” IPTV service, similar to the Netflix/Roku box, or the yet unreleased ZillionTV service.
As one of the leading sites for sharing videos, Dailymotion attracts 60 million unique monthly visitors and one billion videos views worldwide (source: comScore, August 2009). Dailymotion offers the best content from users, independent content creators and premium partners. Using the most advanced technology for both users and content creators, Dailymotion provides high-quality and HD video in a fast, easy-to-use website that also automatically filters infringing material as notified by content owners. Offering 18 localized versions, Dailymotion’s mission is to provide the best possible entertainment experience for users and the best marketing opportunities for advertisers, while respecting content protection