European Netflix Clone Glowria Secures $8.3 Million Financing
By David Kaplan - Mon 09 Jul 2007 02:20 PM PST
Glowria, a European Netflix clone, has raised $8.3 million, NetEco reports (in French). (via Alarm Clock Euro.) The company received the investment from existing investors Seventure (Groupe Natixis), Crédit Agricole Private Equity, and Mousse Partners. Mihai Crasneau, Glowria’s founder and CEO, recently left the company. In addition to its DVD business, which currently serves 35,000 European users, Glowria also runs IPTV and VOD services. Release (in French)
Posted in: Broadband, Countries, UK & Europe, France, Entertainment, Movies, DVD, Media, TV, IPTV, VC+M&A
