Mevio (Formerly PodShow) Raises $15 Million

  • July 10, 2008
Mevio, formerly PodShow, has raised $15 million in a third-round venture financing led by Crosslink Capital and including Kleiner Perkins Caufield & Byers, Sequoia Capital, Sherpalo Ventures and Dag Ventures.

The company, co-founded by former MTV VJ Adam Curry, who is now Mevios president, has raised $38 million in funding to date. Mevio plans to use its latest funding to expand its video content offerings and launch new advertiser-friendly vertical entertainment networks.

With 9 million unique visitors in May, Mevio said site traffic is up more than 800% in the last year. Page views totaled more than 140 million in the first quarter. The company plans to grow its audience further through new content syndication deals in addition to its original shows.

"We have always focused on high-quality, episodic content and have always questioned the relevance of single-clip video upload models for brands," Curry said in a statement Wednesday announcing the companys new financing.--Mark Walsh

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