Another $150M Raised by Video Companies in Q3 '10, Plus Lots of Deals

Another $150M Raised by Video Companies in Q3 '10, Plus Lots of Deals

Monday, October 4, 2010, 9:54 AM ET

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Posted by Will Richmond

Q3 '10 saw strong continued investment interest in the online video industry, with at least 14 private companies raising at least $149.4 million, according to sources I track. The largest amount however, $50 million, went to Chinese video portal Tudou. If that amount were backed out, then the approximately $100 million remaining would actually be the lowest quarterly total since Q2 '09. Total financings over the last 4 quarters are approximately $756.1 million.

The big news of the quarter though, was in industry deals. At least 11 acquisitions were announced or completed in Q3, which are listed after the investments below. In other industry news, Blockbuster declared bankruptcy, capping its long demise, and rumors of Hulu's plans to go public surfaced.

Following are the financings and acquisitions that I tracked during the quarter, the date disclosed and new investors identified if applicable. Links are provided to the companies' press releases, or to relevant media coverage if none could be found (note that I haven't verified media coverage with companies themselves). If I've missed anything or you find an inaccuracy, please post a comment.

Financings

Elemental ($7.5M) - July 27 - Steamboat, General Catalyst, Voyager Capital

Envivio ($15M) - July 28 - Undisclosed

PHILO (Undisclosed) - July 28 - North Bridge, DFJ Gotham Ventures

Tudou ($50M) - Aug. 5 - Temasek Holdings

MyDamnChannel ($4.4M) - Aug. 9 - Intuitive Venture Partners

Netpulse ($2M) - Aug. 10 - Undisclosed

OggiFinogi - ($2M) - Aug. 19 - Greycroft, iNovia, Contour Venture Partners

ShowUHow ($3M) - Aug. 30 - Syncom Venture Partners

Ooyala ($22M) - Sept. 9 - CID Group, ITOCHU Technology Ventures

VMIX ($2.5M) - Sept. 9 - Undisclosed

Conviva ($15M) - Sept. 15 - GGV Capital

Innovid ($4M) - Sept. 24 - Deutsche Telekom

Quantenna ($21M) - Sept. 27 - DAG Ventures

Redux - ($1M) - Sept. 28 - DFJ, Alsop Louie Partners

Deals

HP Snapfish acquires Motionbox - July 12

Pace acquires 2Wire ($475M) - July 25

Limelight acquires Delve Networks - Aug. 2

Telestream acquires Anystream division of Grab Networks - Aug. 13

Cisco acquires ExtendMedia - Aug. 26

Metacafe acquires Action Sports - Sept. 9

KIT Digital acquires Accela Communications - Sept. 9

KIT Digital acquires Brickbox - Sept. 15

VideoEgg acquires SixApart - Sept. 21

AOL acquires 5Min - Sept. 28

Categories: Deals & Financings

Topics: Deals

Also see:

Another $150M Raised by Video Companies in Q3 '10, Plus Lots of Deals

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