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Video-Sharing Site One True Media Raises $5 Million

Authored by Mark Hefflinger on June 12, 2006 - 1:09pm.
Redwood City, Calif. - One True Media, a developer of an online video-sharing community, announced on Monday that it has raised $5 million in its first round of venture capital financing from Kleiner Perkins Caufield & Byers. Since launching in December 2005, the company has registered 335,000 members, who can upload, edit, add music and share their personal videos.
tags: Deals | VC | Video | Video Deals | Kleiner Perkins | One True Media | Video Sharing | BabyCenter | SixApart |