Peerflix Receives $8 Million Second Round
By Rafat Ali - Mon 24 Oct 2005 09:11 AM PST
(down the page) That’s according to an SEC filing, picked up by PE Week Wire...Peerflix, a small company making some waves with its DVD-swapping service (allows members to legally trade DVDs) has raised around $8 million in seconfd round funding. Battery Ventures led the deal, and was joined by return backers 3i Group and BV Capital.
Peerflix was founded in 2004 by Danny Robinson and Billy McNair. The two entrepreneurs had previously teamed up to launch Spinway, a provider of e-commerce and private-label ISP solutions for leading brick and mortar retailers that was acquired by Bluelight.com, the ecommerce division of Kmart.
Related: Online DVD Trading/Swapping Firm Peerflix Gets Funding
Posted in: Money, VC+M&A, Movies, DVD
