We last wrote about video streaming service Vimeo in November 2020, when it raised $150m in a new funding round, as parent company IAC mulled a spin-off for the service. Now the company is turning to investors again, raising another round of $300m which IAC said values Vimeo at more than $5bn. In fact, it quantified the ‘more’ […]

Video streaming service Vimeo may be spinning off as an independent company within parent group IAC. The news was revealed as IAC also announced that Vimeo had raised $150m in a new funding round, from Thrive Capital and GIC. A letter to shareholders from IAC boss Joey Levin outlined Vimeo’s journey from being a (smaller) YouTube rival, […]

It’s a long time since, scale-wise, Vimeo was in anywhere near the same league as YouTube in the video-streaming world. Still, the company – now owned by media group IAC – continues to grow its business. Vimeo’s revenues grew by 54% to $160m in 2018, according to IAC (as reported by Reuters) while the service’s […]