Dailymotion Announces $25 Million Funding Round
Press Release: 22 October, 2009
PARIS--Dailymotion, one of the most popular 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.
About Dailymotion
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.
About FSI
The FSI is a société anonyme (a French corporation) owned 51% by the Caisse des Dépôts et Consignations and 49% by the French government. It acts as an informed investor, taking minority stakes in promising French companies and industrial projects that create value and boost the competitiveness of the country`s economy. www.fonds.fsi.fr
Contacts
For Dailymotion
Ephraim Cohen, +1-917-215-5413
cohen@fortexgroup.com