Monday, June 13, 2005

Video Island raises additional £5m -- Times Deal of the Day

from today's Times Deal of the Day

"Video Island, the online DVD rental service, has raised £5 million from EVP, the venture debt provider, taking its total funds raised to more than £15 million.

Previous backers included Benchmark Capital, Cazenove Group, and Index Ventures. The company, which operates DVD rental services for Tesco and Stelios Haji-Ioannou’s easyCinema, will use the new funds to extend the range of its DVD library and to expand within the UK."


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