Private | |
Industry | Internet video sharing |
Founded | October 2004 |
Headquarters | Seoul, South Korea |
Key people
|
Peter Kim, Founder and CEO Samuel Lee, COO |
Number of employees
|
120 (2008) |
Website | www.pandora.tv |
Pandora TV (판도라TV) is a video sharing website that hosts user-generated content. Founded in October 2004, Pandora TV is the first video sharing website in the world to attach advertisement to user-submitted video clips and to provide unlimited storage space for users to upload. The operating company, Pandora TV Co., Ltd., has its headquarters in the Seoul-Gangnam Building in Yeoksam-dong, Gangnam-gu, Seoul.
In 2007 it was the fastest growing website in South Korea. In 2008 it was the largest video sharing website in South Korea, and it had 3.6 million members. At the time it had 35% of the Korean marketshare for video sharing sites.
The site is available in Korean, and since April 2008, in English, Chinese, and Japanese.
Pandora TV raised over $16 million from Silicon Valley venture capital firms - Altos Ventures and DCM - in two consecutive funding rounds 2006 and 2007, which represents the largest foreign investment made so far on any Korean Internet start-up.