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Lifestyle Video Tutorials Site VideoJug Raises $30 Million

By Robert Andrews - Tue 08 May 2007 05:12 AM PST

British how-to video site VideoJug has raised $30 million in an equity round that includes a private investment consortium, Telegraph reports. The site claims to be a 24/7 multimedia lifestyle guide, with videos including tuition on conducting testicular examinations and putting up shelves, for example - VideoJug also takes user-submitted videos. The report says the equity round involves $20 million from a consortium including Coller Capital founder Jeremy Coller and the VC arm of the Sloane Robinson hedge fund, with the site giving over “a significant minority stake”. VideoJug has media startup written all over it - co-founder Peter Schankowitz is a former VP of LA-based America’s Funniest Home Videos producer Vin Di Bona, while the other co-founder Dan Thompson previously founded video game house Renegade and online publisher 365 Corporation.

Posted in: Countries, UK & Europe, Social Media, Video Sharing, VC+M&A

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1 Response:
  • From Jose Estaban Sat 12 May 2007 02:24 PM

    Videojug appears to have some very clever investors behind it indeed. Media startups are risky, long-term things but at least these guys have experienced management: http://www.videojug.com/aboutus/managementteam

    Convergence of web and TV will require good ideas and great content. Videojug is not there yet but is on its way and should be one of 5 or 6 winners in the web TV world. Does anyone know if any stock is available OTC?

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