Thursday, July 23, 2009
Another Bet on Video: How-To Start-Up 5min Raises $7.5 Million
Web video companies that wanted to take on YouTube are having a very hard time. But Web video isn’t going away, either, and there has to be some way to make it work for users, publishers and investors. Right?
Hence, another round of funding for 5min, a video start-up that just raised a $7.5 million B round. New investor Globespan Capital Partners led the round, and Spark Capital, the VC shop that has made several video bets (along with a big one in Twitter) made a second investment.
