WWE has returned to back a $26m series C round for online video technology provider Tout, which will use the money to continue its path towards profitability.
US-based video streaming network Tout closed an oversubscribed $26m series C round yesterday funded by a consortium including sports entertainment provider WWE.
The round was led by Melohn Group and also included investment firm Windsor Media, Pittco Capital Partners, HL Capital, Seavest Capital and 819 Capital.
Founded in 2009, Tout operates a video streaming network that delivers content across more than 2,800 websites and achieves a total of more than 350 million views per month. The company’s product is based…
