VCs to fully exit Dailymotion

Orange bought a 49% stake in Dailymotion in May 2011. The French telecom operator agreed to pay €58.8m for the stake, in a deal that valued the business at around €120m. The agreement also allowed Orange to increase its stake to 100% by 2013, for a total consideration of up to €200m – a valuation that is believed to have been applied in this latest transaction.

Dailymotion's VC backers – which include Atlas Ventures, Partech International, Advent Venture Partners and FSI (Fonds stratégique d'investissement) – only partially exited the business at the time. They are now set to fully realise their investments.

Atlas and Partech are historical backers of Dailymotion, having provided a €7m series-A round of funding in 2006. Idinvest Partners (then AGF Private Equity) led a further €25m round of financing in 2007 alongside Advent Venture Partners and returning investors Atlas and Partech.

Finally, FSI led a €17m round in 2009, which saw all previous backers reinvest in the business.

Dailymotion is a Paris-based video-sharing website established in 2005 – a few months before the incorporation of its largest rival YouTube.

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