In March 2005, Benjamin Bejbaum and Olivier Poitrey founded the Dailymotion website from the living room of Poitrey's apartment in Paris. Six individuals pooled together €6,000 ($9,271 USD) to start the business. In September 2006, Dailymotion raised funds in collaboration with Atlas Ventures and Partech International. They raised 7 million euros which was considered to be the most funds raised in 2006 from the French Web 2.0. In October 2009, the French government invested in Dailymotion through the Strategic Investment Fund. On 25 January 2011, Orange acquired a 49% stake in Dailymotion for €62 million, valuing the company at €120 million.[6]
