BitTorrent Garners $13,000,000 New Funding

  • Feed Type
  • Date
    3/31/2009
  • Company Name
    BitTorrent
  • Mailing Address
    2325 3rd St. San Francisco, CA 94107
  • Company Description
    The BitTorrent peer-to-peer file transfer protocol was created and introduced in 2001 by BitTorrent Inc. co-founder Bram Cohen. Bram began his mission to solve a problem experienced by the online community since the birth of the Internet. While it wasn’t clear it could be done, Bram wanted to enable effective swarming distribution – – transferring massive files from server to client with the efficiency of peer-to-peer – – reliably, quickly and efficiently.
  • Website
    http://www.bittorrent.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $13,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    Accel Partners
  • Venture Investor
    DCM – Doll Capital Management
  • Venture Investor
    DAG Ventures
  • Venture Investor
    Undisclosed

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