French video-sharing company Kewego raises $6.9M

September 12, 2007 | Matt Marshall

Kewego, a Paris-based video-sharing company, has raised a $6.9 million in a second round investment to help it expand internationally, according to PaidContent.

The company was formed last year from the merger of two French video-sharing sites.

Banxei Venture Partners, which earlier invested $6.3 million in a first round, was joined by CDC Enterprises, the French government’s EUR 150 investment fund.

Kewego operates video upload sites under its own name in 10 European countries. It also provides white-label sites for Orange, Lycos, French broadcaster M6 and T-Online.

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.