Confirmed: Twitter Video App TwitVid Received Funding Round From DFJ & Maktoob Founders

11 May, 2010

According to a credible source Twitter application twitvid has scored a new round of funding from a number of high profile Arab and American angel investors, as well as Silicon Valley based venture capital firm Draper Fisher Jurvetson (DJF).

DFJ, which has invested in startups such as Hotmail (now part of Microsoft) participated in the round that closed some time in January this year.

25 year sold Jordanian entrepreneur Mohammad Al Adham, cofounder of TwitVid, confirmed  to ArabCrunch the funding news but declined to make public any numbers.

San Francisco, California based  Twitvid, originally reviewed on AC this time last year, is a video sharing platform that now has millions of visitors every-month, was  also cofounded by Adil Lalani, a Pakistani native.

The round was led by Samih Toukan and Hussam Khoury, founders of Maktoob, which was acquired by Yahoo last year (Samih now serves as CEO of Jabbar Group), early Maktoob investor Fadi Ghandour, Founder and CEO of Aramex, Georges Harik, an angel investor who was director of Googlettes, the team that developed popular Google products such as Gmail, Google Talk and Google Mobile (Georges’ investments include Yamli and the blog network VentureBeat). The other 2 investors were DFJ and Aydin Senkut, Founder and President of Felicis Ventures, which has made investments in companies such as Mint and previously was Senior Manager, Websearch & Syndication for Google.

Al Adham told ArabCrunch “Getting featured on ArabCrunch helped us reach regional investors who ended up funding us.”

According to Al Adham, TwitVid has seen healthy growth rates on average of 30% per month since its launch, and is now being visited monthly by millions of people.

The Twitter sharing site is being used by celebrities such as Britney Spears, Dane Cook, Demi Moore and Tony Hawk.

Twitvids’ first round was in 2008, from DFJ and deceased angel investor Rajeev Motwani, a Stanford computer science professor and an investor in technology startups who mentored many young Silicon Valley entrepreneurs, including the founders of Google.

This news comes in light of Twitter shaking up its application ecosystem with its acquisition of Twitter apps developer Tweetie and drastically changing the rules developers thought Twitter abided by.

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  1. Mohamad Khawaja  |  May 12th, 2010 at 1:20 AM #

    Congratulations Mohammad! GREAT job 🙂

  2. Gaith Saqer  |  May 13th, 2010 at 3:17 PM #

    TwitVid Funding by Maktoob founders is another example how Yahoo deal is creating a snow ball to help create a tech ecosystem in the region. more investments to be made this year stay tuned 🙂

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