Each company involved has invested a minority percentage in Joost. The funding will help to speed product development and service offerings. Previously its founders Janus Friis and Niklas Zennstom who also founded Skype funded the company.
Danny Rimer, general partner of Index Ventures said, "We are excited to be working with Niklas and Janus once again as we see the same ground-breaking potential in Joost that we saw in Skype."
"By leveraging proven P2P architecture and assembling a world class management team, they have made a powerful idea simple and brought new services to market in record time. Our investment in Joost signals Index Ventures' continued commitment to investing in impactful technologies."
What sets Joost apart from other online video sites such as
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