Dailymotion Announces $25 Million Funding Round

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Thu Oct 22, 2009 8:12am EDT

PARIS--(Business Wire)--
Dailymotion, one of the most popular web sites in the world, today announced a
funding round of $25 million (17 million euros). The round, led by the French
Sovereign Fund (FSI) and including original investors Advent Venture Partners,
AGF Private Equity, Atlas Venture and Partech International, recognizes
Dailymotion's leading audience position and sustainable business model. FSI
contributed $11M (7.5M euros) to the round. 

Dailymotion already attracts 60 million unique visitors and one billion video
views monthly. The funds will be used to accelerate the company's growth
globally and to expand its offerings, including to multiple platforms such as
mobile and IPTV. 

About Dailymotion

As one of the leading sites for sharing videos, Dailymotion attracts 60 million
unique monthly visitors and one billion videos views worldwide (source:
comScore, August 2009). Dailymotion offers the best content from users,
independent content creators and premium partners. Using the most advanced
technology for both users and content creators, Dailymotion provides
high-quality and HD video in a fast, easy-to-use website that also automatically
filters infringing material as notified by content owners. Offering 18 localized
versions, Dailymotion's mission is to provide the best possible entertainment
experience for users and the best marketing opportunities for advertisers, while
respecting content protection. www.dailymotion.com. 

About FSI

The FSI is a société anonyme (a French corporation) owned 51% by the Caisse des
Dépôts et Consignations and 49% by the French government. It acts as an informed
investor, taking minority stakes in promising French companies and industrial
projects that create value and boost the competitiveness of the country`s
economy. www.fonds.fsi.fr

For Dailymotion
Ephraim Cohen, +1-917-215-5413
cohen@fortexgroup.com

Copyright Business Wire 2009

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