« Czech Online Games Site Geewa Funded | Main | Microsoft's Stake In Early Stage Euro Startups »
July 04, 2007
Glowria Raises €6.1M Internal Round
Glowria, the Netflix-clone for Europe and VOD white-label vendor has raised €6.1M from exisitng French investors, reports Neteco. Glowria has partnered with FNAC and Neuf Cegetel in France for VOD and has about 35K subscribers to its DVD business, says the report.
It will be spending this investment money without its founding CEO. Mihai Crasneau who we ran into in Paris on our last visit has recently parted ways with the startup's board. We don't know what he will do next but he is an Internet and new media entrepreneur with operational smarts: he led Glowria through several acquisitions, cross-border expansion, and important studio deals. Our bet is that it won't be long till he starts another venture, or a startup like Joost recruits him to put his talent and experience to use.
Posted on July 4, 2007 05:21 PM | Posted to News And Updates | Permalink
Trackback Pings
TrackBack URL for this entry:
http://www.thealarmclock.com/mt/mt-tb.cgi/5317
