DailyMotion — the European YouTube — grabs $25M

DailyMotion, the online video company in Europe that resembles YouTube, announced that it brought in a $25 million round of capital led by French Sovereign Fund, a firm nearly half-owned by the French government, and designed to take minority stakes in promising French companies.

Based in Paris, the company has also been backed by Advent Venture Partners, AGF Private Equity, Atlas Venture and Partech International. Drawing about 60 million unique monthly visitors from around the world, DailyMotion has raised about $68 million to date.

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