GIC-backed online video platform Vimeo raises $300m equity at $6b valuation

GIC-backed online video platform Vimeo raises $300m equity at $6b valuation

Photo: Jesus Loves Austin / Unsplash

IAC/InterActiveCorp said on Monday its online video platform, Vimeo, has raised $300 million in equity funding, just a month after the parent company approved a plan to spin off the unit.

Asset management firm T. Rowe Price Group Inc and Oberndorf Enterprises LLC, a financial services firm, provided the funding in two tranches and the second tranche of $100 million took Vimeo‘s post-money valuation to $6 billion, IAC said.

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