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GodTube Raises $30 Million
Posted by: snwmark (---.eurotel.cz)
Date: May 7, 2008 12:33PM

MASHABLE -- May 4 -- GodTube, the YouTube for the religious, has raised $30m at a $150m valuation, according to Rafat Ali. The funding comes from GLG Partners, a hedge fund. GodTube isn't the first company to piggyback on hot Web 2.0 concepts to dominate a niche market. CafeMom, one of the top sites for women, has been integrating features like photo sharing and social bookmarking to fuel rapid growth and its own recent $12m round of funding.

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