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Online DVD Trading Network Peerflix Raises $8 Million

Authored by Mark Hefflinger on October 26, 2005 - 5:25am.
Menlo Park, Calif. - Peerflix, an online service that facilitates the trading of DVDs among its members, announced on Wednesday that it has raised $8 million in its second round of venture capital financing. Battery Ventures led the investment round, which also included follow-on investments from 3i and BV Capital. Launched in September, Menlo Park, Calif.-based Peerflix says its members are now offering over 100,000 DVDs for trade on its network, which charges members 99 cents for each DVD they trade directly with another member through the U.S. mail. The company will use the funds to develop new product offerings, scale its infrastructure and expand service to more North American customers.
tags: VC | Online DVD Trading | Peerflix |

Peerflix Launches Online DVD Trading Service

Authored by Mark Hefflinger on September 19, 2005 - 9:39am.
Menlo Park, Calif. -- After a year-long beta test, Peerflix on Monday launched its online DVD trading service, which facilitates the trading of DVDs among members through the mail. The company charges 99 cents per trade, and enables users to print out their own DVD mailers; the U.S. Postal Service enables online tracking of lent DVD titles. An internal currency assigns a value to each DVD title, ensuring an "even trade" among members. Peerflix members currently offer a combined library of more than 65,000 DVD titles, with members registered in all 50 states and most Canadian provinces.
tags: Launches | Online DVD Trading | Peerflix |