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Web-based Video Publishing Firm VideoEgg Raises $12 Million

Authored by Mark Hefflinger on September 28, 2006 - 1:42pm.
San Francisco - VideoEgg, a provider of online video-sharing technology, announced on Thursday that it has raised $12 million in its third round of venture capital financing. Maveron led the investment round; previous investors August Capital and First Round Capital also participated. San Francisco-based VideoEgg provides an online video player, similar to the player on YouTube, which allows users of sites like Bebo, Hi5, AOL, Dogster, Tagged and Current TV to upload and embed their personal videos on those sites. The company will use the funds for product development and to expand its recently launched advertising network, the Eggnetwork.
http://biz.yahoo.com/prnews/060928/neth013.html?.v=73
http://www.videoegg.com
tags: Deals | Internet | VC | Video | Online Publishing | Tech | Video-Sharing | VideoEgg | UGC |



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