Vimeo Raises $300 Million in Equity, Valuing Company at $5 Billion

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Video platform Vimeo has completed a $300 million fundraising round that values the company at $5 billion, an 82% boost from three months ago

In November, Vimeo raised $150 million from technology-investment firm Thrive Capital and Singapore’s sovereign-wealth fund GIC Private Ltd. That investment valued the business at $2.75 billion.the online-video platform, in a deal expected to close in the second quarter. IAC shareholders will receive a proportionate amount of Vimeo stock, the company said.

Vimeo has seen a surge of revenue as businesses rely more on the internet to reach customers during the coronavirus pandemic. December marked its highest month of revenue growth, increasing 57% year over year, IAC said.

 

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That's quite a raise

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