Animoto Obtains $25,000,000 Series C Financing Round

  • Feed Type
  • Date
    6/29/2011
  • Company Name
    Animoto
  • Mailing Address
    214 Sullivan St New York, NY 10012
  • Company Description
    Animoto Productions is a bunch of techies and film/tv producers who decided to lock themselves in a room together and nerd out.Their first release is Animoto, a web application that automatically generates professionally produced videos using their own patent-pending technology and high-end motion design. Each video is a fully customized orchestration of user-selected images and music. Produced on a widescreen format, Animoto videos have the visual energy of a music video and the emotional impact of a movie trailer.
  • Website
    http://animoto.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $25,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    The new funding will allow Animoto to expand its innovative online video creation service which enables consumers, professionals and businesses to create and share professional-quality videos.
  • M&A Terms
  • Venture Investor
    Spectrum Equity Investors
  • Venture Investor
    Madrona Venture Group
  • Venture Investor
    Amazon

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