It was not $15 million. It was not $25 million. The truth was somewhere in the middle. BitTorrent, the San Francisco-based digital media delivery company announced this morning that it has raised $20 million in Series B financing in a round led by Accel Partners. Doll Capital Management, an initial investor in the company also participated in this round.
We had first reported the news of this pending announcement on Tuesday, and our sources indicated that the round was around $15 million. Mike Arrington then reported that the round was closer to $25 million. We were both off by about $5 million. BitTorrent previously raised $8.75 million from Doll Capital Management, something we also heard rumored before it happened. The company recently announced partnerships with 20 major film studios and television content creators.
3 thoughts on “BitTorrent Gets $20 million”
pehub is reporting that it is $25 million.
BitTorrent, a San Francisco-based file-sharing company, announced that it has raised $20 million in second-round funding. Accel Partners led the deal, with return backer DCM also participating. peHUB.com reported earlier this week that the round would be $25 million, and stands by that reporting. We are told that the extra $5 million is being left open for some additional players who have expressed interest. http://www.bittorrent.com