SubscribeToodou Finished Series B Funding
Toodou, a leading podcasting site in China, announced its series B funding of USD 8.5 million. From its news release:
Toodou.com announced the completion of an US$8.5 million, Series B financing round, co-led by Granite Global Ventures (GGV) and JAFCO Asia (JAFCO). IDG Technology Venture, the Series A round investor, also participated in the round.
Helen Wong of GGV and Sam Lai of JAFCO will join the board of Toodou.com.
Congradulation to Toodou and Gary!
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[...] JAFCO is said to be one of the biggest venture capital in Japan. It also invested in Shanghai based video sharing site Tudou. [...]
[...] Tatter and Company has not taken any venture funding yet, and is now seeking an outside investment. Given that comparable US and Chinese companies have all succeeded in funding (Six Apart $12M for 3rd round; Automattic $1M 1st round; Blogchina $10M 2nd round; Toodou $8.5M 2nd round), I would expect Tatter and Company should be able to get some VC money if they can present their company right. [...]