San Francisco -- VideoEgg, a San Francisco-based provider of online video-sharing technology, said that it has raised $12 million in its third round of venture capital financing. Maveron led the round, with previous investors August Capital and First Round Capital also participating. VideoEgg provides an online video player, similar to the player on YouTube, that allows users of sites like Bebo, Hi5, AOL, Dogster, Tagged and Current TV to upload and embed their personal videos. The company said that it will use the funds for product development, as well as to expand its recently launched advertising network, the Eggnetwork.
http://biz.yahoo.com/prnews/060928/neth013.html?.v=73
http://www.videoegg.com
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