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September 12, 2007
Kewego Raises €5M To Take Video Platform Abroad
On the back of proving that it can make money with its video sharing and rating platform - €2M last year to be exact (source) Kewego out of France has raised another €5M round from early investor Banexi Venture, who invested this time along with CDC, according to Joural Du Net.
The four year old company provides video clip sharing and rating sites to media and portals companies and will use the capital for international expansion.
It raised the new money despite issues surrounding copyright infrigement on its network. The investors are aware of the risk, says the founder in Journal du Net's report. Indeed, they couldn't miss it since it's been widely covered in the French press.
Read - kewego leve 5 millions (JDN)
Posted on September 12, 2007 06:41 AM | Posted to Media | News And Updates | Permalink
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