Thu 10 May 2007
Deal RoundUp for May 10: Joost and Odeo
Posted by under Deals, Financial, Internet & Online, Media, Music, Software, Technology, web 2.0
Joost Announces $45 million Funding From Sequoia, Index, CBS & Viacom
Internet TV startup Joost raised $45 million in a venture round of financing , the company will announce this evening. Investors include Sequoia Capital, Index Ventures, CBS Corporation, Viacom and Chinese billionaire Li Ka-shing. The company has not previously disclosed any financings. Joost was started by Skype founders Janus Friis and Niklas ZennstrГ¶m in 2006; presumably seed funding came directly from them.
Odeo Acquired By SonicMountain
Details are just coming out, but New York based SonicMountain , a new startup, has acquired Evan Williams’ Odeo. The announcement will come sometime tomorrow. The price is not being disclosed but is in excess of $1 million, and the deal was all cash. Odeo was publicly put on sale last February . The company was bought back from investors late last year.
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