FRANCE - Dailymotion raises EUR 25m from AGF-led syndicate

In a deal arranged by Jefferies-LongAcre, AGF Private Equity provided the largest amount of equity, followed by Advent Venture Partners. Previous investors Atlas Venture and Partech International, which had invested EUR 7m in November 2006, also reinvested on this occasion.

Since July 2007, the company board has been chaired by Marc Zaleski, the founder of online trading community QXL.

Dailymotion was launched three months before its US competitor YouTube. The site, which registered 37.6 million unique visitors in June 2007, will hope to strengthen its position as the largest 'independent' video-sharing service. Upcoming initiatives include notably the creation of user-friendly solutions for movie making.

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• Topics
• Expansion
• France