Wednesday, November 29, 2006

BitTorrent Raises $25 million, Totals $34M

Om Malik posted a rumor today regarding a new BitTorrent financing and possible ouster of CEO Bram Cohen. Techcrunch did some independent digging and have come up with what they believe is accurate based on multiple sources and a leaked document: BitTorrent has raised a $25 million Series B round of financing from Accel Partners and previous investor Doll Capital Management, bringing the total capital raised to just under $34 million.

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