BitTorrent raises $20 million

Iria · Dec 5, 2006, 04:56 AM

Source: News.com
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BitTorrent said Friday that it raised $20 million in a second round of venture capital to help commercialize a popular open-source project for delivering media content, to encompass mass market content distribution services for large media customers.

The San Francisco-based company added Accel Partners of Palo Alto, Calif., as lead investor in the round, joining DCM-Doll Capital Management of Menlo Park, Calif., which backed the company's $8.75 million first round of September 2005. That round allowed BitTorrent to build a branded content aggregation site using open-source software originally developed by founder and Chief Executive Bram Cohen.

Dec 5, 2006, 04:56 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 87	BitTorrent raises $20 million Source: News.com _______ BitTorrent said Friday that it raised $20 million in a second round of venture capital to help commercialize a popular open-source project for delivering media content, to encompass mass market content distribution services for large media customers. The San Francisco-based company added Accel Partners of Palo Alto, Calif., as lead investor in the round, joining DCM-Doll Capital Management of Menlo Park, Calif., which backed the company's $8.75 million first round of September 2005. That round allowed BitTorrent to build a branded content aggregation site using open-source software originally developed by founder and Chief Executive Bram Cohen.