SoftBank Capital Invests $5.6 Million In PureVideo
-
Comments (View)
- Text Size: A A
-
Email
-
Share
You’re reading it here first ... SoftBank Capital, the U.S. VC group associated with SoftBank Corp., is investing $5.6 million in LA-based PureVideo, a digital media company specializing in online and mobile user-generated content. The company says it streams more than 84 million downloads a month to 5.8-plus million users via sites StupidVideos.com and GrindTV.com. StupidVideos is one of the largest video sites, according to Accustream iMedia Research.
Craig Cooper, a partner in Softbank Capital and co-founder of Boost Mobile, will join PureVideo’s board. He sees considerable wireless opportunity for PureVideo.
The VC/M&A channel is sponsored by DeSilva & Phillips.
By Staci D. Kramer
@sdkstl
Dec 14, 2005 8:13 AM ET
@sdkstl
Dec 14, 2005 8:13 AM ET
Posted In: Money, Social Media
Android Apps (Free)
Social Standing
Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?
Show Me: