Exclusive-Video-sharing website BitChute seeks to raise $10 million in new funding round

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Reuters UK

By Helen Coster NEW YORK (Reuters) – Video-sharing website BitChute is raising $10 million in Series A funding at a valuation of $750 million to $1 billion, according to one of its investors and a presentation seen by Reuters, as it seeks to add new features that allow live-streaming and the payment of content creators by users. BitChute, which bills itself as a free-speech alternative to Alphabet Inc-owned YouTube and other platforms, has had “negligible” revenue to date, shareholder Jeffrey Wernick, told Reuters, even though it has attracted a significant user base, particularly among young …

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