Video - Monday, March 17, 2008
Japan's Video Aggregator Fooooo Raises Further $1M
Japan's Fooooo (yes, that's 5 o's) gets back in touch to say that they have closed another $1M round. This is their 2nd round, they had raised $1M in their 1st round. Foooo is run by Bank on innovation Inc. (BOI). The funding came from Cyberagent which is a Japanese web venture company listed on the Tokyo Stock Exchange.
Since we last checked in Fooooo has done an impressive relaunch which does a much better job of showcasing the value here. Fooooo aggregates top clips from Youtube, Break, Metacafe, Veoh, and company and has 11 localized versions. Fooooo claims to be the fastest growing video site but we have to say it doesn't support that with outside backing.
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