Online video company Mevio nets $15 mil Series C
Tiny URL: http://tinyurl.com/62exmz
Online video start-up Mevio Inc., formerly known as PodShow, has raised $15 million in Series C funding led by Crosslink Capital. The round also included funding from Venture industry heavyweights Kleiner Perkins Caufield & Byers, Sequoia Capital, Sherpalo Ventures and DAG Ventures.
MEVIO plans to use the investment to continue expansion of its broadband entertainment offering and to launch new vertical entertainment networks that offer advertisers.
conScore has rated MEVIO in the top 20 in both music (May, #10) and Multimedia (May, #16) and the company is experiencing an explosive year of growth, witnessing dramatic increases in unique monthly visitors, page views, video streams and registration.
In the last six months, MEVIO has launched a new online entertainment network, doubled the amount of media it delivers, re-branded the company (formerly PodShow) and introduced a growing lineup of top shows that generate over 50 million views per month, strictly from MEVIO’s wholly-owned properties and without the benefit of integration of an ad network.
SOURCE: Mevio, Quantcast
