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Vimeo is an American video hosting, sharing, and services platform provider. The company was founded in 2004 by Jake Lodwick and Zach Klein. The company is headquartered in New York City, with additional offices in Los Angeles and Portland, Oregon. Vimeo is a subsidiary of IAC. As of January 2019, Vimeo had more than 30 million registered users and more than 250 million monthly views.
Vimeo's first investment came in the form of a $500,000 contribution from Incite Ventures, LLC, in January 2005. The company also received $3 million from Spark Capital and Union Square Ventures in 2006. In January 2009, Vimeo announced that it had reached one million members.
In April 2009, Vimeo announced that it had raised a Series B round of financing totaling $10 million from Accel Partners and Index Ventures. In addition, IAC (InterActiveCorp) announced that they had made a strategic investment in the company for an undisclosed amount. In February 2010, Vimeo raised an additional $17 million from Accel Partners, making it the first video site to receive more than $1 million in venture capital funding. More sites like Vimeo are there for content sharing.
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