Animoto Obtains $25,000,000 Series C Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=97534728-44f9-4da2-9cb5-7f5e7ae267b8&Preview=1 -
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
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Venture Investor
Spectrum Equity Investors -
Venture Investor
Madrona Venture Group -
Venture Investor
Amazon
