DailyMotion Bags €17 million, This Time With The French Government

Published by Tech Pundit | Filed under Tech, Tech Trick and Tips, Technology News | October 22nd, 2009

BREAKING: The French-born version of YouTube, DailyMotion – which has now grown into a global site with 60 million users – has officially confirmed its latest fundraising of €17 million, which was early reported as €15 million earlier this month. The new information is that that was an undisclosed €7.5 million investor in the round which turns out to be a French state-backed investment fund. According to Atlas VC Fred Destin on his blog today, Atlas Venture has participated “above pro-rata in this round and grows ownership”

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DailyMotion Bags €17 million, This Time With The French Government