As our paidContent:UK launch party got underway last night, pan-European video sharing upstart Kewego (in attendance) scored a EUR 5 million (£3.4 million) second-round investment to fund further international development. Formed just last year, the Paris-based site previously got funds from Banxei Venture Partners last year, which is in on this round with CDC Enterprises, the French government’s EUR 150 investment fund, which specialises in co-funded early startups.

Kewego operates video upload sites under its own name in 10 European countries and in multiple languages, but YouTube chasing is becoming an increasingly crowded space so Kewego also provides white-label user-generated content sites to clients including Orange, Lycos, French broadcaster M6 and T-Online. It opened a UK office in June with John Gillespie as commercial director.

• French Online Video Rollup Kewego Gets $6.3 Million Funding