DVD Trading Service

DVD Trading Service Peerflix Lands First Round of Funding

Authored by Mark Hefflinger on March 9, 2005 - 4:59am.

Menlo Park, Calif. -- Peerflix, an online service that allows members to legally trade DVDs, said on Tuesday that it has raised an unspecified amount in its first round of funding, co-led by 3i and BV Capital. The funding will be used to accelerate member acquisition, scale the company's infrastructure and develop new product offerings and enhancements. Launched in 2004, Peerflix operates a peer-to-peer service that allows DVD owners to trade DVDs that they no longer want for others they would like to watch. The company said that more than 25,000 are currently being requested for trade on its site, with plans to expand into other products, including video games and CDs. The service, still in its beta phase, is currently offered in the U.S. and Canada, with international expansion planned for the future.

tags: Funding | Peerflix | DVD Trading Service |