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Skypes Joost Raised $45 Million in Funding
Joost, the online video site established by the founders of Skype, has raised $45m in funding from four venture capital and media groups, just a week after launching the service.
Sequioa Capital, which backed Yahoo, Google and YouTube; Index Ventures, an early investor in Skype; Li Ka-shing, the Hong Kong tycoon; and CBS, the US media group, have all taken “small minority” stakes in the start-up.
Viacom is also understood to be among the partners, although the nature of its backing has not been disclosed.
Skype raises $45m in Joost funding – Financial Times – MSNBC.com
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