Ustream raises $75 million Series B funding from SOFTBANK of Japan

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Database Reference:  F231109-338
Business:  Ustream
Other Web Links: BlogTwitterMySpaceFacebook
Location:  USA, Mountain View, CA
Region:  North America
Business description:  Live interactive video broadcast platform that enables anyone with a camera and an Internet connection to quickly and easily broadcast to a global audience.
Category: TV, Video
Contact 1:  John Ham, founder, CEO
Contact 2:  Dr. Gyula Feher, founder
Contact 3:  Brad Hunstable, founder  
Investors:  SOFTBANK GROUP of Japan
Exitisting investors:  DCM, Western Technology Investors, Band of Angels Fund and Infinity Venture Partners Incubator Fund of Japan
Amount raised:  SOFTBANK invested approximately $20 million (approximately JPY 1.8 billion, investment ratio of 13.7%) in Ustream, Inc. Assuming all available options granted to the Company to acquire additional shares are exercised by July 2011, the Company’s total investment is expected to be approximately $75 million (investment ratio expected over 30%) and will result in the Company becoming Ustream’s top shareholder.
Details:  Ustream has announced a $75 million Series B funding round lead by SOFTBANK of Japan, one of Asia’s largest internet and telecom companies with a large mobile presence. Additional funding commitments are pending from other investors in the U.S. and Asia. The funding will help fuel Ustream’s growth in the U.S. and Asia Pacific, specifically to pursue opportunities in Asia in Japan, China, Korea and India.
Links:  Ustream’s ress Release   SOFTBANK’s Announcement

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