Fundraising for VideoElephant Ltd.
VideoElephant Ltd. ("VideoElephant") has the largest global online library of video content, sourced from Tier 1 content producers such as Press Association, ITN, Al Jazeera, and Euro News.
The company hosts this content in the cloud and sells it on a subscription basis to online publishers and ad networks, who are seeking to optimise advertising revenue. Pegasus Capital advised the company on raising EUR 3m in funding, from venture capital funds such as ACT Venture Capital and DBIC, along with a small number of private investors. The funding has enabled the company to accelerate growth and expand its presence in the US which is its largest market for content.
TERMS: EUR 3,000,000