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Dailymotion raises $34 million in funds

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Fast growing online video site Dailymotion has raised $34 million in second round of funds, led by Advent Venture Partners (London) and AGF Private Equite (Paris).

Launched in 2005, this France-based startup is said to have overtaken YouTube last May as the number one online video site in France. Getting 3.2 million unique users in US, it also ranked second to the online video giant the same month. Dailymotion has just launched in US officially last June.

Now with the available funds, Dailymotion has more room to further enhance their service (YouTube beware!) and to address more content copyright concerns. They are reported to be working out on deals with content providing companies, as well as media companies such as TF1 and Viacom.

Originally posted on August 30, 2007 @ 9:10 pm

Comments

  1. Rhiza
    Thanks for the post. We are definitely hoping to take DailyMotion much further with this round. The founders started this as a friends’ project and from very grassroots beginning it’s become somewhat of a phenomenon (in France it’s in mainstream media every day and played a major role in the last election, whilst it’s also quite big in Japan, the UK, growing well in Germany, the US). Hopefully we can keep the fresh and creative tone that has been the trademark of this business from the beginning whilst at the same time finding industrial means of stopping copyright infringement, which is a challenge for all of us in this industry. A lot of the creative juices in the business have actually been dedicated to finding innovative ways of going well beyond what the law requires to help protect content. I would say that today DailyMotion and probably Metacafe are best in class in their proactive efforts to stem infringement. At the same time we want to keep innovating and offering exciting features to our community, so we are hoping that this does not turn into a war of attrition that in the end only Google can win. May be the best site rise to the top :-)