« London's TotallyLegal Bought For for £11M | Main | Accel Backs Finnish Comeks »
May 08, 2007
The City's Hedge Funds Invest £15M In London's VideoJug At £30M Valuation
When we first profiled UK-based DIY/How-to video site Videojug late last year we concluded that this was a smart position for online video and we were very familiar with the management team which has made big things happen. Videojug launched with professionally made how-to videos, and encourage user created videos. But we have to say we are surprised that the company has been able to raise £15M for a minority position. Videojug's valuation is now around £30M.
Private equity financier Jeremy Coller, founder of Coller Capital, has increased his stake in VideoJug as part of a $30M round. Hedge fund Sloane Robinson also participated. The company's founders have deep pockets. Dan Thompson sold his computer games company Renegade to Time Warner and co-founded 365 Corporation and took it public, along with VideoJug co-founder David Tabizel, who also co-founded Durlacher, an English investment banking firm.
Videujug competes with Israel-based 5Min, which recently raised funding.
View - site
Posted on May 8, 2007 06:25 PM | Posted to Web 2.0 | Permalink
Trackback Pings
TrackBack URL for this entry:
http://www.thealarmclock.com/mt/mt-tb.cgi/4537
