GODTUBE GETS US$30 IN FUNDING. JESUS SAVES!

May 6, 2008

Christian video sharing site GodTube got $30million in funding from hedge fund GLG Partners on a $150 million valuation, according to a report from PaidContent. The site had previously raised $2.5 million.

GodTube is pitched as the Christian version of YouTube and offers family friend video sharing with a strong emphasis on christian content. The Dallas,Tex based startup launched in April 2007 promising technology to connect Christians for the purpose of encouraging and advancing the Gospel worldwide” and offers other services such as an online prayer wall.

source:inquisitr

Comments

2 Responses to “GODTUBE GETS US$30 IN FUNDING. JESUS SAVES!”

slydell on May 6th, 2008 5:11 pm

that’s great.
David Mullings on May 6th, 2008 5:22 pm

Proof that copying a “successful” idea for an under-served niche is smart… or that the Web 2.0 bubble is very real. Take your pick.

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