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Mevio Raises $15 Million in Venture Funding

Jul 9, 2008  •  Post A Comment

Online video destination site and network Mevio landed $15 million in venture funding from Crosslink Capital, with investment also from Kleiner Perkins Caufield & Byers, Sequoia Capital, Sherpalo Ventures and DAG Ventures.
Mevio said it will use the cash infusion for expansion and to introduce new entertainment networks on the Web that will be ad-friendly.
Mevio is an online entertainment network and Web site that distributes and promotes a range of Web video shows and podcasts. The company, formerly know as PodShow, said its Web series generated more than 50 million views per month.
Mevio said that it drew more than 9 million unique monthly visitors in May, nine times its audience from a year ago.
(Editor: Jensen)

One Comment

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