Joost gets $45 million in funding
Joost, the P2P TV creation of Janus Friis and Niklas Zennström, the co-founders of Kazaa and Skype. The company, just raised a whopping $45 million in funding from five investors.
“This funding represents a tremendous vote of confidence in Joost’s platform,” said Janus Friis, co-founder of Joost. “We’ve carefully selected these investors from a variety of interested parties”
Selected! Interesting choice of words, from Friis, pretty much letting everyone know who’s da boss. More importantly, it also indicated the premium valuation Joost got received. Investors lucky enough to put their money in Joost: Sequoia Capital, Index Ventures, Viacom, CBS and Chinese tycoon, Li Ka-shing.
Popular
- Where to Watch March Madness Online
- The Ultimate Music Video Jukebox, via Flash on Android
- Jimmy Kimmel Recreates Trololololo Viral With Oscar Winner Christoph Waltz
- Ten Sites for Free and Legal Torrents
- Six Steps To Get More HD From Your Scientific Atlanta Set-top Box
- YouTube Is Starting to Monetize Mobile Video
Recent
- The Ultimate Music Video Jukebox, via Flash on Android
- OK Go Exits EMI For Own Label: Hopefully, An Embedding-Friendly One
- Tribeca Film Fest to Offer Virtual Premium Access
- YouTube Is Starting to Monetize Mobile Video
- Enjoy Video on the iPad Hands-Free, Thanks to Quirky
- Vice-President Biden to Use Justin.TV for Israel Speech
Network
- Video: Rupert Murdoch Loves the iPad, Hates Search [GigaOM]
- Viliv S10 Blade — Unusual Resistive Multitouch Display [jkOnTheRun]
- Ener1 Sees “A Lot to Prove in 2010,” Banking on Loan [Earth2Tech]
- Indie Series Off-Key Hits a Few Strong Notes [NewTeeVee]
- Roundup: Social Media Monitoring Tools [WebWorkerDaily]
- Rumor Has It: iPhone 4.0 Bringing Multitasking [TheAppleBlog]
© 2010 The GigaOM Network. Marketing consulting by ACS.
Comments (0)
Linkbacks (11)
[...] $45 million in the bank, Joost seems is all set to become a major player in the world of re-broadcasting produced content [...]
[...] met de content partners leek het ook wel goed te komen, dankzij deals met Viacom en CBS. Gisteren werd bekend dat deze twee ook deel uit maken van een select groepje investeerders dat in totaal 45 miljoen [...]
[...] Joost injunction comes a few weeks after Joost raised $45 million from Sequoia Capital, Index Ventures, and other [...]
[...] piece of information independently. The news shouldn’t come as a surprise, given that Joost recently raised $45 million in venture funding from some top venture capital firms at an astronomical [...]
[...] component, is developing technology that would put it in competition with Joost and Babelgum. Joost recently raised $45 million in one round alone, and Babelgum has taken $13.2 [...]
[...] May Viacom, CBS, Sequoia Capital, Index Ventures, and the Chinese tycoon, Li Ka-shing, invested a whopping $45 milllion in Joost. These people have two main ways of getting their money back (along with a nice little premium); [...]
[...] les is dat (zelfs) $45 miljoen niet zomaar alle problemen oplost. Ze zullen het nog wel een tijdje uithouden maar de weg voor [...]
[...] and Viacom that Joost is their forgotten stepchild. Despite their participation in Joost’s $45 million funding round (which in amount alone guarantees the company should have some time to figure out what it’s [...]
[...] joint venture with TOM Online, the Chinese media conglomerate that’s majority-owned by Joost investor Li Ka-shing. TOM is providing local advertising and content — some 16,000 hours of [...]
[...] has $45 million in funding from founders Janus Friis and Niklas Zennström, Sequoia Capital, Index Ventures, Viacom, CBS and [...]
[...] has million in funding from founders Janus Friis and Niklas Zennström, Sequoia Capital, Index Ventures, Viacom, CBS and [...]
Subscribe to comments feed