Upon Hitting Profitability, Dailymotion Raises $22 Million More

Video sharing site DailyMotion has raised another €15 million in financing, reveals an interview with CEO Cédric Tournay with French business website Capital.fr ( translated version ). PaidContent followed up with a report in English earlier this morning, and we've confirmed the news with Fred Destin of Atlas Venture, an early backer of the company. Tournay, who joined as CEO just a couple of months ago, tells Capital.fr that the venture recently turned profitable, but that additional investment was required to fund its steep growth. He expects a 50% increase in turnover in 2009 and 2010, and says DailyMotion currently serves 1 billion video views per month.