Comcast, Turner Invest in Video Sharing Site Revver; Second Round Ups To $10.25 Million
By Rafat Ali - Thu 27 Jul 2006 09:09 PM PST
Revver, one of the video sharing sites which adds ads with the clips uploaded and shares revenues with the creators, has expanded its second round from an earlier $8.7 million to now at $10.25 million, according to an SEC filing, picked by PE Week Wire. The new money is from media-cable heavyweights: Comcast Interactive Capital and Turner New Media Investments. They have join existing shareholders Draper Fisher Jurvetson, Bessemer Venture Partners, Draper Richards and William Randolph Hearst III.
Related:
-- Diet Coke & Mentos Videos Earn $15K for Creators on Revver
-- Revver Gets $8.7 Million
Posted in: Companies, Comcast, Time Warner, Turner, Money, Social Media, Video Sharing, VC+M&A
