Wednesday, February 18, 2009
OVGuide.com Gets $5M
Beverly Hills-based OVGuide.com, an online site focused on video discovery and search, disclosed today that the firm has received $5M in funding from Baroda Ventures LLC, the investment firm of former GeoCities founder David Bohnett. According to OVGuide, the new funding will go towards further developing its search engine. OVGuide.com has previously received funding from Baroda, which helped to incubate the firm. According to OVGuide.com, the new funding comes as it saw its first month as a profit making entity in January. OVGuide.com's web site allows users to search for videos on other online video sites, and see what videos are popular in different categories.