VentureWrap: MEVIO Goes Vertical With $15M

MEVIO, the broadband entertainment network formerly known as PodShow, has raised Series C funding of $15 million.

The round was led by Crosslink Capital and included DAG Ventures, Kleiner Perkins, Sequoia Capital and Sherpalo Ventures.

The funding will be used to launch vertical entertainment networks with the aim of offering advertisers a “brand safe” platform with the reach they currently receive from traditional broadcast networks.

MEVIO’s stats for May 2008 were up 800% in the last twelve months, with over 9 million unique monthly visitors. They will be exploring syndication opportunities that are expected to dramatically enhance their reach.

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