07.23.2009 02:35 PM
ONLINE: Video Syndicator Gets $7.5 Million Series B
NEW YORK: 5min, a company that offers up topical online video for syndication, secured $7.5 million in Series B financing. The round was led by a new investor, Globespan Capital Partners of Boston. Existing investor Spark Capital, also of Boston, participated as well. Globespan Managing Director Jonathan Seelig will join the 5min board of directors.

5min syndicates its content through a semantic video engine it calls “VideoSeed,” in combination with a proprietary video player. The company pegs its “potential” audience at more than 200 million unique visitors monthly, of whom 14 million watch at least one video per month. The group says it has more than 100,000 “professionally produced” videos through partnerships with several print publications such as Elle, Car & Driver, Kiplinger and Woman’s Day.

5min said it will use the funding to expand the syndie platform, which allows Web site proprietors to integrate video content relevant to their own subject matter.

The B round brings 5min up to a total of $12.5 million in funding since 2007, according to Peter Kafka of All Things Digital.

Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found

Tuesday 03:07 PM
WMUR-TV Says FAA Drone Rules Preclude ENG
The FAA’s current rules and proposed ban on flight over people, requirement of visual line of sight and restriction on nighttime flying, effectively prohibit broadcasters from using UAS for newsgathering. ~ WMUR-TV General Manager Jeff Bartlett

D. Pagan Communications /   Friday 10:35 AM
Blue Line is Hot on the Trail of DPA Microphones
Clyne Media, Inc /   Thursday 09:51 PM
Focusrite Expands RedNet Range

Featured Articles
Discover TV Technology