‘How To’ Video Site 5min Raises An Extra $7.5 Million

Instructional video site 5min , based in NYC and Israel, has raised an additional $7.5 million in a round led by Globespan Capital Partners and joined by previous investor Spark Capital , reports Israeli business news site Globes . This brings the total of capital invested in the startup, founded in 2006, to a healthy $12.8 million . Its most recent financing round was $5 million from Spark back in November 2007, following a painful $300,000 angel round (at least it was painful for the startup's founders) which we talked about a bit in the post covering the announcement of their first VC round. 5min is in essence a syndication platform for instructional, knowledge and lifestyle videos, both professionally produced and user-generated.