Video-Sharing

Israeli Video sharing startup, MetaCafe, has completed a second financing round, securing $15M led by new investor Accel Partners, with significant participation from initial backer Benchmark Capital. Metacafe will use the new funds to open its U.S. headquarters in San Francisco and invest in marketing, contributor remuneration and new distribution technologies.

Metacafe aggregates and distributes video content online. Its unique video rating system employs the most advanced content filters on the web and differentiates it from many of its competitors. Metacafe’s worldwide viewers and contributors stream and download more than 400 million video files each month, making Metacafe one of the fastest growing video sites on the net.

“Online video has forever changed the way media is consumed in our culture. Until now, movies and television have been the primary sources of entertainment,” says Arik Czerniak, CEO of Metacafe. “Now, short films, no more than two minutes in length, can be viewed online from anywhere in the world. A new generation of entertainment consumption has arisen, initially on the internet, and in future, on mobile devices - Metacafe will supply the content.”