When Chill, previously a social TV-viewing experience, relaunched in January as a social video discovery site it seems it was a very, very, very good decision. The new Chill has taken off like wildfire over the past five months, quickly becoming a favorite amongst online video fanatics and today they’re announcing an $8 million funding round.
Chill is something of a Pinterest for videos, a home for you to share all of your favorite videos around the web and watch, comment on and share your friends’ favorite videos. Over the past five months the site has improved with new features like collections of videos, branded partnerships and more.
According to VentureBeat, “The startup plans to use the new capital to grow its development and distribution of Chill’s intelligent social video recommendation platform.”
It’s no surprise that Chill has caught the eye of investors. Michael Carney of Pando Daily reports that the site has grown its community to over 18 million users since their January launch and has approximately 10 million active monthly users. Chill investor and Kleiner Perkins partner Chi-Hua Chien says, “Chill builds upon the power of social platforms to organize video into interesting, relevant streams and distribute that content to users on a wide variety of devices they love using.”
In addition to the $8 million funding round, the company has announced that Chill has partnered with TMZ. TMZ joins other Chill content partnerships, including Jimmy Kimmel Live and PUMA.
Megan O’Neill is the resident web video enthusiast here at Social Times. Megan covers everything from the latest viral videos to online video news and tips, and has a passion for bizarre, original and revolutionary content and ideas.