Veoh getting $30 million investment from Intel and Adobe

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NewTeeVee is reporting that someone new has stepped up to pay Veoh’s bandwidth bills as it figures out its business. The Internet video portal and software maker is announcing today it has raised $30 million from Intel Capital, Adobe Systems Inc., and Gordon Crawford, senior vice president of Capital Research Global Investors.

Veoh now has $69.5 million in total investment from these three plus previous investors Shelter Capital, Spark Capital, Goldman Sachs, Michael Eisner’s Tornante Company, Time Warner Investments and Jonathan Dolgen. The Los Angeles-based company reports 28 million viewers per month, spending an average of more than 100 minutes per month.

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