Video Q&A Site VYou Gets $3M
TechCrunch, Monday, May 23, 2011 11:42 AM
Question-and-answer video platform VYou just secured $3 million in Series A funding, reports TechCrunch. VYou lets users converse through brief snippets of video. "Gunning for a media play, the New York-based VYou recently partnered up with Hearst Newspapers, MTV/VH1, Simon and Schuster and the Newark Peace Summit in order to help these brands better connect with their audiences," TechCrunch writes.
Read the whole story at TechCrunch »
Since its launch this past November, VYou says it has attracted over 20 million views and 30,000 user sign ups. Founder Steve Spurgat tells TechCrunch that he doesn't liken the company to a Quora or Formspring for video. Rather, he "chose the video element because it was simply the fastest way to achieve his ultimate goal of advancing how people communicate online."
According to TechCrunch, the round was led by RRE Ventures and Highland Capital Partners, along with High Peaks Ventures, Broadway Video Ventures, Kevin Wall, David Tisch and Rick Webb.
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