Next New Networks Raises $15M
Next New Networks has raised $15 million in a second round of funding that’s been a long time coming. It was co-led by Goldman Sachs and Velocity Interactive Group and included Spark Capital, Saban Media Group and Bob Pittman.
I spoke with Next New Networks co-founder Tim Shey last night, who said the company has seen its hits soar off the charts lately. After being thrilled to complete 100 million streams last year, the company had 25 million views in January alone, he said. Obama Girl, The Meth Minute, Fast Lane Daily, Indy Mogul and ThreadBangers have developed solid audiences, while shows that didn’t work — like Bride-O-Rama — have been cut from the lineup. The company reported 33 million views in February, and says it has “six-figure” advertising deals in the pipeline.
Next New Networks also announced a distribution deal with AOL. The company raised an $8 million Series A round more than a year ago.
Follow us on Twitter or subscribe to the feed
Sponsor Gallery
Recent
GigaOM Network
- Google Chrome OS: Distraction or Opportunity? [jkOnTheRun]
- Should We Force Marriage Between Broadband and Power Cos? [GigaOM]
- AmazingMail’s Web-to-Print Engine for iPhone [TheAppleBlog]
- Create a Free Poll Quickly With ProProfs [WebWorkerDaily]
- Solar Data Needs Standards, Too [Earth2Tech]
- List your LUG or Regional Meetings On Fossevents.org [OStatic]
- Operation Midnight Climax Depicts One of the CIA’s Dirty, Sexy Secrets [NewTeeVee]
© 2009 The GigaOM Network. Marketing consulting by ACS.
[...] $15 million Series B (3/11/08). Investors: Goldman Sachs and Velocity Interactive Group led the round, with participation from Spark Capital, Saban Media Group and Bob Pittman. [...]
DealProfiles » Blog Archive » Next New Networks on March 12th, 2008 at 10:26 am - Permalink
Your article was absolutely fabulous! Good PR
jfwade2008 on March 12th, 2008 at 2:30 pm - Permalink
[...] New Networks has some $23 million in funding from Goldman Sachs, Velocity Interactive Group, Spark Capital, Saban Media Group and Bob [...]
Next New Networks CEO to Step Down « NewTeeVee on June 13th, 2008 at 12:05 pm - Permalink
[...] board on Oct. 1, who was most recently at the marketing and advertising network Seevast. NNN also took $15 million in a Series B round of funding in March, bringing its total raised to $23 million. A company [...]
Veracifier and Pulp Secret Leave Next New Networks « NewTeeVee on September 22nd, 2008 at 7:39 am - Permalink
[...] is a larger audience than you might expect, given that Fast Lane — from the robustly funded NextNewNetworks — has recently ripped past the 500 episode-mark with incredible viewing [...]
Fast Lane Daily Racks Up Serious Mileage With 500+ Episodes « NewTeeVee on January 12th, 2009 at 12:41 pm - Permalink
[...] is a larger audience than you might expect, given that Fast Lane — from the robustly funded NextNewNetworks — has recently ripped past the 500 episode-mark with incredible viewing [...]
Fast Lane Daily Racks Up Serious Mileage With 500+ Episodes | Viral Video Maker on January 13th, 2009 at 5:24 pm - Permalink