Joost received $ 45 million investment

Joost reported that the five selected companies jointly invested about $ 45 million into the Internet TV company. Among investors are Index Ventures and Sequoia Capital, two of the world's largest investors. Also involved in the investment: Hutchison Whampoa Limited and Cheung Kong Holdings, who participated in the investment through the Li Ka-Shing Foundation. It is also important to note that the range of these investors gives Joost support in almost every country on the planet.

Each company invested in Joost for a small percentage, and this round of investment will give Joost an acceleration in the further development of the product and service. Joost uses a secure Internet platform, which gives them the opportunity to provide intervative video entertainment, while protecting materials belonging to owners and authors. And the best part is that Joost is free for the end user. Last week Joost issued an infinite number of invitations to its users.

Joost reported that they painstakingly chose investors among their huge number, and they chose those who could best help them in the further development of the project. They were confident in their choices, because by Janus Friis and Niklas Zenstrom behind Skype and Kazaa. They just spawn hits. This is of course the dominant factor, and investment companies are aware that no one now has the same strong potential as Skype and Joost.
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In addition to the 45 million investments, Joost also signed contracts with the main television networks, independent television companies, and also agreed with more than 30 large advertisers about presenting their advertising to users.