Dailymotion welcomes two new investors, Partech International & Atlas Venture
Dailymotion raises €7m in financing led by Partech International – Transaction managed by Clipperton Finance
PARIS, France, September 24, 2006 – Dailymotion, a leading company in the User Generated Content space that allows people to share and watch original videos through the Internet, has raised €7 million in a new round of equity financing. For this transaction, Dailymotion was advised by Clipperton Finance, a corporate finance boutique focused on the high tech and media sectors. The two leading investors of the round were Partech International, and Atlas Venture.
Founded in August 2005, Dailymotion is a media company that allows people to share and watch original videos worldwide through the Internet. Dailymotion aggregates and distributes video content online by allowing people to easily upload and share video clips on www.dailymotion.com and across the Internet through email as well as external players made seamlessly available on websites and blogs. Dailymotion currently delivers over 20 million video views every day on its website, and around 15 million though its external players. Dailymotion has now become a leading destination on the Internet for video entertainment. For more information, visit www.dailymotion.com.
About Clipperton Finance
Based in Paris and London, Clipperton Finance is a European corporate finance boutique dedicated to the High Tech and Media industries. Clipperton is focused on start-up and high-growth companies in the Internet, Software, Telecom, Components, CleanTech, MedTech and Media spaces, advising them in their financial transactions: fundraising/capital increases and Mergers & Acquisitions. Over the past years the company and its team have successfully structured numerous high level international transactions in the European High Tech sector.