Next New Networks – $15 million From Velocity Interactive Group And Goldman Sachs

Next Story

Faster Network Technology from Nortel

next-new-networks-logo.pngGoldman Sachs and Velocity Interactive Group have put another $15 million into the online TV site Next New Networks, the company will announce shortly. The company, which launched in January 2007, had previously raised $8 million from Spark Capital, Saban Media Group, Pilot Group, and Bob Pittman. All the previous investors put more money in and Jonathan Miller from Velocity Capital was already on the board of the company.

The company says it has had 33 million video views so far in March across its 12 video networks, which include Barely Political (home of Obama Girl), Channel Frederator (cartoons), ThreadBanger (DIY fashion), and Veracifier (daily news). Next New Networks also announced a deal with AOL today to distribute its videos.

blog comments powered by Disqus