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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