Financial Times FT.com

Skype founders raise $45m in Joost funding

By Andrew Edgecliffe-Johnson in London

Published: May 10 2007 05:00 | Last updated: May 10 2007 16:57

Joost, the online video site established by the founders of Skype, has raised $45m in funding from four venture capital and media groups, just a week after launching the service.

Sequioa Capital, which backed Yahoo, Google and YouTube; Index Ventures, an early investor in Skype; Li Ka-shing, the Hong Kong tycoon; and CBS, the US media group, have all taken “small minority” stakes in the start-up.

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