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User Video Site GoFish Goes Public, Raises $12 Million

Authored by Mark Hefflinger on October 31, 2006 - 2:50pm.
San Francisco - GoFish, a user-generated online video site, said on Tuesday that it has gone public through a reverse merger, and has raised $12 million in a private placement.

Through the deal, GoFish Technologies merged with GoFish Corp., a public company that has previously been known as Unibio. The company's stock will now be listed on the Over-The-Counter Bulletin Board.

San Francisco-based GoFish said that it plans to use the funds, from a group of institutional and private investors, to strengthen its corporate infrastructure and product offerings. Founded in 2004 by current CEO Michael Downing, GoFish.com is currently visited by more than 2.5 million unique users a month.

Related Links:
http://biz.yahoo.com/bw/061031/20061031005601.html?.v=1
http://www.gofish.com
tags: Deals | Internet | Video | Video-Sharing | UGC | GoFish | Investments |

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