Media - Tuesday, September 18, 2007
StreetFire - Video Site For Fast Cars & Women - Raises $6.1M
God bless the team at Atlanta-based StreetFire who have bootstrapped their site since 1999 but recently packed their bags and moved to California to be near their VCs. The car enthusiasts' site and video network has raised around $6.1M in Series A funding, says PEWire. While the company does not list investors, Jeremy Liew at Lightspeed Venture Partners gets in touch to say that they are an investor an investor and that he holds a board seat. StreetFire streams nearly 2M videos a day to 4M car enthusiasts a month.
The company claims 2006 revenue at $600K across its two units. Streetfire.net is its B2C auto enthusiast site (YouTube for car nuts). After having built its video upload and sharing system from scratch the company decided to launch that as a separate B2B tech company in 2004 at Vidiac.com which can be used by other enthusiast sites as a create their own YouTube model.
View - Streetfire site
View - Vidiac site
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