Veoh Raises $26M in Series C Funding

Veoh has raised another $26 million in Series C funding, granting the video sharing company more money raised than any other video-sharing site. The round was led by Goldman Sachs, and Pete Perrone has joined Veoh’s board. Also included in this latest round are existing shareholders Spark Capital and Shelter Capital Partners.

While Veoh doesn’t gain as much traffic as MetaCafe, YouTube or DailyMotion, it still remains the company that has gained the most in venture capital. Veoh is a good application and has had a long standing when it comes to the surge of video-sharing sites. In 2005, Veoh raised $2.75 million in a Series A round, and got an additional $12.5 million in its second round of funding last year.

Unlike its larger counterpart YouTube, Veoh has dealt with the problem of finding copyrighted content on the site, which no doubt fares well when Veoh seeks out large amounts of funding. With the ante raised, other video-sharing sites may be able to raise more funding for their own services as well.