By Victor Karamalis
Yesterday, Metacafe, one of the largest video broadcasters with a global audience of 16 million unique visitors received a combined $30 million in series C funding. They also installed Tom Goodrich of DAG Ventures and Richard de Silva of Highland Capital Partners as additions to their Board of Directors to help the company’s continued growth. Although Metacafe has a small portion of market share especially when comparing to YouTube, it has still grown its audience in the tens of millions.
Last year they received an additional $15 million in funding from Accel Partners and Benchmark Capital. They were instrumental in attaining the needed series C funding from the forementioned venture capital firms. With key sponsorships such as those with NewTeeVee, they are making in-roads to make their presence known.
As for the traffic, it’s exploded in the past three years according to Alexa.
Metacafe has a large following in Europe and has 400 million videos watched each month. Metacafe is committed to helping their viewers quickly discover the best short videos online and empower the creators of these video to get exposure, earn money, and receive acclaim. They have offices in Palo Alto, California and in Tel-Aviv, Israel.
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