5Min Collects $7.5M B Round
5Min, the New York, NY-based publisher of instructional and do-it-yourself videos, announced today that it has raised $7.5 million in series B venture funding. Series A investor Spark Capital of Boston returned for the round, which was led by new investor Globespan Capital Partners, also of Boston. With a library of over 100,000 videos produced in partnership with publishers such as Car & Driver, Elle, Kiplinger’s, and Woman’s Day, 5min is the Web’s “largest ‘how-to’ video destination site,” founder and CEO Ran Harnevo said in a statement. The startup syndicates the videos to more than 200 outside sites covering subjects such as business, food, health, home & garden, sports, technology, and travel.