Online Video Solutions Provider Veodia Raises $8.3 Million

May 13, 2008

Online video broadcasting service Veodia has raised a $8.3 million first round funding, which is intended to to support the company’s marketing and technology.  Investors included Clearstone Venture Partners, the D. E. Shaw group, and an angel group led by iParadigms chairman Steven Berger. Incorporated in 2007, Veodia officially launched in April 2007 with the objective of helping Fortune 2,000 businesses delivery lower costs.