According to published reports, advertising startup and former Y Combinator company, Virool, has raised $6.62 million in seed financing.

Institutional investment funds that participated include: Thomvest Ventures, Menlo Ventures, Draper Fisher Jurvetson, Digital Sky Technologies, Phenomenon Ventures, TMT Ventures, DominateFund and FundersClub. Individual participants include Loopt Co-Founder Sam Altman, Gmail creator Paul Buchheit, Lady Gaga's manager Troy Carter, Dave McClure, former Yahoo! CTO Farzad Nazem, early Zappos investor Erik Moore, Promus Ventures founder Mike Collett and Posterous co-founder Garry Tan.

Virool's mission is to build a powerful service that allows anyone with video content to reach their desired audience on our network.