Viki, an international video site for the best of world TV and movies, has raised $20 million is Series B funding. Major investors are SK Planet and BBC Worldwide along with existing investors namely Greylock Partners, Charles River Ventures, Andreessen Horowitz, Neoteny Labs and others.
SK Planet’s EVP, Greg Park, will join Viki’s board in combination with the funding.
The company said it will use the funds to expand their service onto multiple platforms, to develop new products for the market, to hire experts and also to get more content partnership.
Viki is a popular website, especially with the youth. It has already been translated into over 150 languages by a community of their fans. They have over one million videos viewed and 125 millions words translated.
The specialty of Viki is that it not only brings entertainment (movies and TV) to online audiences, but also unlocks new markets for content owners. BBC Worldwide has licensed 30 plus popular TV series to Viki.
Viki encourages users to translated their content because of their mission of bringing entertainment from across borders, when, where and how people want it, in their own language.
Viki was publicly launched in Dec 2010. It is led by co-founder and CEO Razmig Hovaghimian. It was born as a joint class project in graduate schools, but soon grew into a popular website for entertainment, viewed by millions. Their team members come from different countries, bringing in diversity into Viki, which they believe is one of their strengths.