Metacafe Raises $30M

PALO ALTO, Calif. -- Metacafe, whose more than 25 million unique viewers each month make it one of the world’s largest video sites (comScore Media Metrix, June 2007), today announced it has raised $30 million in Series C financing. The round was led by new investors Highland Capital Partners and DAG Ventures. Existing investors Accel Partners and Benchmark Capital also participated.

“Metacafe is defining the next generation of online video, moving away from simple video sharing and hosting to delivering an exceptional entertainment experience for short-form content,” said Richard de Silva, Partner, Highland Capital Partners. “Its sophisticated approach to audience-driven programming is unique in the industry.”

“Over the past four years Metacafe has built a large and global audience, which has grown quite significantly throughout 2007,” said Tom Goodrich, Partner, DAG Ventures. “We expect the growth to continue as Metacafe rolls out new ways of tapping its community to customize the viewing experience for audience members in different regions around the world.”

Metacafe Inc.