San Diego - Video-sharing site Veoh is looking to raise $40 million in new financing and has hired Bear Stearns to facilitate the process, Silicon Alley Insider reported.

The company raised $26 million last spring in a round led by Goldman Sachs; the current round would reportedly value the company at $150 million.

San Diego-based Veoh attracted 2.1 million unique users and served 58 million streams in December, according to Nielsen data, but Veoh says its internal sever logs put traffic at 21 million unique monthly visitors.

Related Links:
http://www.alleyinsider.com/2008/2/veoh_raising__40_million

http://snipurl.com/20ohc (VentureBeat)

http://www.veoh.com