Monday, July 31, 2006

Revver Plus Comcast and Turner?!

This just in. Revver expands series B funding round by adding Comcast Interactive Capital and Turner Broadcasting as new investors. Revver will use the funding for market expansion, team-building, and technology development. Comcast and Turner join Draper Fisher Jurvetson, Bessemer Venture Partners, Draper Richards, and William Randolph Hearst III as investors in the firm.

At the time of this writing, neither Revver nor Comcast Interactive Capital had information on their news section. However Miki's keeping us current on Revver's Blog. Revverberation's motto for Micki: Twice the charm, three times the speed and 1/10th the price of a PR agency.

According to TVWeek, "Revver declined to disclose the amount from either company or the total for that round. However, the company said it has raised $12.7 million total to date."

1 Comments:

At 8/01/2006 8:05 AM, Blogger idonothingallday said...

i might be completely off base and it could be an error on my side but it sure seems like to me that Revver can't handle the traffic increase that this merger has created. and as a site owner who is dependent on Revver's hosting ability this ain't a good sign.

couldn't they have bolstered or borrowed significant server space before breaking this news

i'm having a traffic boost from elsewhere and i cant serve my videos??? arghhh frustrating

 

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