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U.K. Online DVD Rental Firm Video Island Raises $3.4 Million

Authored by Mark Hefflinger on September 15, 2003 - 6:55am.
London -- Video Island, a U.K.-based online DVD rental service, announced on Monday that it has raised $3.4 million in its second round of venture capital financing. Benchmark Capital and Index Ventures co-led the investment round; other participants included Redbus' Simon Franks and Retail Variations chairman Robert Klein. Video Island's service, which closely mirrors that of U.S.-based Netflix, allows members who pay around $20 per month to rent DVDs from a library of 12,000 titles, which are sent from and returned to the company through the mail. Video Island will use the new funds for sales and marketing, business development and further investment in logistics and its DVD library. http://cws.huginonline.com/I/120128/PR/200309/917278_5_2.html  http://www.videoisland.com
tags: Internet | VC | DVD | Video Island | U.K |

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