Live video streaming company UStream.TV raises $11.1 million
UStream.TV, a live video-streaming application, has raised $11.1 million in a first round of funding from venture capital firm DCM, as well as previous investors Labrador Ventures and The Band of Angels.
Since its launch in March of last year, the broadcasting platform says it has had more than 260,000 broadcasters, 2 million viewer hours per month, 2.2 million unique visitors per month, and 400-600 streams at any given moment. It claims to have grown 325… Continue Reading
Covestor joins the ranks of funded investment sites
Covestor, an investing community site, has raised $6.5 million in its second round of funding. The London and New York-based company plans to build out its asset management platform, which helps its users make investment decisions.
Covestor targets both average investors and professional fund managers. The site mines information from real portfolios on online stock brokerages, giving a holistic view of different risk levels and investment strategies. In all, it tracks 150 variables
The fund management platform… Continue Reading