Broadband Entertainment Network Mevio Raises $15 Million

Authored by Mark Hefflinger on July 9, 2008 - 7:14am.

San Francisco - Mevio, a broadband entertainment network offering video, audio and music content, announced on Wednesday that it has secured $15 million in its third round of funding.

Crosslink Capital led the investment round; Kleiner Perkins Caufield & Byers, Sequoia Capital, Sherpalo Ventures and DAG Ventures also participated.

San Francisco-based Mevio -- formerly known as PodShow -- says it attracted over 9 million unique monthly visitors in May, up 800% in the last 12 months.

It bills its content as a "brand-safe" platform that advertisers may use to reach audiences "on the scale and frequency offered by traditional broadcast networks."

Mevio will use the investment to continue expansion of its broadband entertainment offering and to launch new vertical entertainment networks.

 

Related Links:
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http://www.mevio.com

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