Online video site how-to programmer and syndication service 5min.com scored $7.5 million in venture capital in its second round, the company is expected to announce today.
The round was led by Globespan Capital Partners and included additional investment from existing venture partner Spark Capital.
"We're 100% sold for four months already and two months ahead," he told Beet.TV last night in an email. "That's rare in the video space and proof that our model works. That's why we got the money." The funds are also earmarked for building up the ad sales team, he said.
Update: Here is the press release.
Daisy Whitney, Senior Producer