Next New Networks - $15 million From Velocity Interactive Group And Goldman Sachs
Written by on March 12th, 2008 in Ajax News.
Goldman Sachs and Velocity Interactive Group have put another $15 million into the online TV site Next New Networks, the company will announce shortly. The company, which launched in January 2007, had previously raised $8 million from Spark Capital, Saban Media Group, Pilot Group, and Bob Pittman. All teh previous investors put more money in Jonathan Miller from Velocity Capital was already on the board of the company.
The company says it has had 33 million video views so far in March across its 12 video networks, which include Barely Political (home of Obama Girl), Channel Frederator (cartoons), ThreadBanger (DIY fashion), and Veracifier (daily news). Next New Networks also announced a deal with AOL today to distribute its videos.
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Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/250198875/