Advent Venture Partners, AGF Private Equity,Atlas Venture, Partech International, each took part in a round led by the French Sovereign Fund (FSI). FSI, a joint entity owned by the Caisse des Dépôts et Consignations and the French government, contributed $11M to the round.
After recently demonstrating a sustainable business model, investors are very excited about the potential that Paris-based Dailymotion offers. This new round of funding will support global growth with its current online platform as well as accelerate development in mobile and IPTV services.
According to comScore, August 2009 figures show that Dailymotion attracts 60 million unique visitors, and nearly a billion views per month. These figures provided in context with current revenue outpacing infrastructure costs may prove persuasive, yet there is still some work ahead for the firm. Before decidedly making its claim as "The World's Leading Independent Video Site" the company now has the task of demonstrating how well it can monetize user content. Profitability is a good start, sustainable profitability is even better.
http://www.thealarmclock.com/mt/archives/2009/10/dailymotion_sec_1.html
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