Browsing Tag

video destination

Vimeo Raises $150 Million in New Equity Funding

The American video hosting, sharing, and services platform Vimeo has announced that it has raised $150 million in new equity funding alongside the third-quarter earnings of its parent company IAC. Thrive Capital and GIC has led the funding round. Vimeo’s revenue grew in Q3 by 44 percent year-on-year to $75.1 million, according to the earnings report. And it had a good EBITDA of 3.4 million dollars in its first quarter. Over the summer, the Match Group (owner of a number of dating services) separated itself from the…