Raises Funding, a Stockholm, Sweden-based free video service that allows bloggers to create and monetize their video content, has raised a new funding of undisclosed amount.
The funds, which were provided by Almi Invest and Starcom founder Ulf Sandberg, will be used to expand in new markets.
Founded in 2009 by Robert Mellberg and Oskar Glauser, is a service that connects blogger-generated video content with advertisers. It provides advertisers with space in the blogosphere and the opportunity to share revenues with bloggers.
The service currently has 17,000 registered bloggers with over 3 million video views per month. It is used by large private blogs. already cooperates with top advertisers including HP, Telia, Sony Pictures, Sony Ericsson, Stadium, Halebop, diesel, and Libresse.
The company today employs 8 people in its offices in the old town in Stockholm.

Join the discussion