The Silicon Alley Insider is reporting that GodTube is getting funding to the tune of $30 million dollars.
Christian video sharing site GodTube has landed $30 million from hedge fund GLG Partners at a $150 million valuation, according to PaidContent.org.
Launched last summer, GodTube reviews all video uploads, keeping them clean and pro-God.
It also claims to have a business model beyond advertising: PC says "a few hundred churches" use GodTube's "Godcaster" service, which generates subscription revenue.
The LA Times noted last fall GodTube had over a million unique users in August, and was the fastest growing video site in the Web, per comScore. But, as you can see from the chart above, it looks like GodTube hasn't done much growing since then.
Nevertheless, it's potential qualifies it for cash and GLG Partners are laying it down.
Christian Broadcasting, Christian video clips, Christian videos, GodTube, GodTube funding Religious video clips
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Wow - I’m genuinely shocked. I don’t know how I feel about that. Just - “wow” will do for now.
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