Video Funding: Dailymotion Gets $34M

PARIS -- Dailymotion SA has secured $34 million in venture-capital funding that will allow the French start-up to expand its video-sharing Web site as it competes against larger rival YouTube, owned by Google Inc.
The company's new funds come from venture-capital firms Advent Venture Partners LLP of London and AGF Private Equity of Paris, a division of Allianz AG. Dailymotion already had raised about $9.5 million in October from venture firms Atlas Venture and Paris-based Partech International.

In April, Dailymotion had 4.7 million unique video streamers in the U.S., while Metacafe had 3.7 million. By contrast, Google sites (including YouTube) had 131.9 million unique video streamers in May.