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<p>IAC/InterActiveCorp said on Monday its online video platform,<span class="highlight" data-qa-component="highlight-text"> <a href="https://www.dealstreetasia.com/?s=Vimeo">Vimeo</a></span>, has raised $300 million in equity funding, just a month after the parent company approved a plan to spin off the unit.</p></article>

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<p>IAC/InterActiveCorp said on Monday its online video platform,<span class="highlight" data-qa-component="highlight-text"> <a href="https://www.dealstreetasia.com/?s=Vimeo">Vimeo</a></span>, has raised $300 million in equity funding, just a month after the parent company approved a plan to spin off the unit.</p>
<p>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<span class="highlight" data-qa-component="highlight-text"> Vimeo</span>&#8216;s post-money valuation to $6 billion, IAC said.</p>
<p>The new investment comes after<span class="highlight" data-qa-component="highlight-text"> Vimeo </span>raised $150 million from Thrive Capital and Singapore&#8217;s sovereign wealth fund, <a href="https://www.dealstreetasia.com/?s=GIC">GIC</a>, at a $2.75 billion valuation in November.</p>
<p>Demand for<span class="highlight" data-qa-component="highlight-text"> Vimeo</span>&#8216;s platform, which provides video creation, hosting and marketing tools to professionals and businesses, has spiked during the pandemic as more people shifted to working and learning remotely.</p>
<p><span class="highlight" data-qa-component="highlight-text">Vimeo</span>, which recorded a 57% year-over-year jump in revenue in December, has over 200 million users globally with 1.5 million paying subscribers.</p>
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<div class="font-roboto regular color-gray-4 flex-basis-half pr10 f3 meta-data" data-qa-component="meta-data"><strong>Reuters</strong></div>
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Asset management firm T. Rowe Price Group Inc and Oberndorf Enterprises LLC, a financial services firm, provided the funding in two tranches.

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

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IAC’s video platform Vimeo raises $150m from Thrive, GIC at $2.75b valuation

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

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IAC’s video platform Vimeo raises $150m from Thrive, GIC at $2.75b valuation