Metacafe Raises Huge $30 Million Round

 By 
Pete Cashmore
 on 
Metacafe Raises Huge $30 Million Round
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The money keeps piling in for some online video sites: Metacafe is announcing a series C round today of $30 million led by new investors Highland Capital Partners and DAG Ventures. Existing investors Accel Partners and Benchmark Capital also returned for this round. The money will be used to achieve global growth, expand the "breadth" of content available on the site and further develop the Producer Rewards revenue sharing scheme.

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