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ExpoTV Adds Investor DFJ Gotham; Reaches Major Milestone.
WIRELESS NEWS-(C)1999-2007 10Meters - http://www.10meters.com
ExpoTV, a provider of consumer-generated video product reviews, announced the expansion of funding to include New York-based DFJ Gotham Ventures.
DFJ Gotham Ventures joins the previously announced venture capital investors Masthead Venture Partners and Prism VentureWorks.
DFJ Gotham is investing in ExpoTV through DFJ Gotham Venture Fund II, L.P., its second venture capital fund. Separately, ExpoTV reported a quarterly growth rate of 132 percent in video submissions in the second quarter, reaching a milestone of more than 100,000 Videopinions Reviews representing by far the largest catalog of product reviews available on video.
"We are excited to expand our investors to include such a proven and active partner like DFJ Gotham Ventures," said Daphne Kwon, CEO of ExpoTV. "The New York region has become a nexus for innovative media startups, and DFJ Gotham Ventures' deep involvement with the entrepreneurial community here, along with their track record of success, make them the perfect addition to our investor group. We're proud that DFJ Gotham Ventures has claimed a stake in the explosive online video space with ExpoTV."
The increased capital will help ExpoTV accelerate the growth of its video contributor community, whose ...
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