Maker Studios Raises Additional $26 Million from a Group of International Investors
Maker Studios has raised an additional $26 million as part of a Series C financing round that began with the $36 million the MCN raised last winter from Time Warner Investments, Greycroft Partners, and others.
The new capital comes from several international investment firms and media companies including Canal+, Astro, SingTel Innov8, Lakestar, and Northgate Capital.
“Our objective was to expand our investor base to include major players in key international markets,” said Ynon Kreiz in a statement. “With talent in more than 80 countries, our viewers outside the U.S. already account for more than half our total audience, and our new partners will be instrumental in continuing our growth as a truly global media company. The new funding will allow us to further expand our team and executive talent globally, extend our technology offerings for content creators and brand partners, and establish our local footprint around the world.”
Existing investor Upfront Ventures, which also participated in the $36 million financing round last December, also contributed this time.
In total, Maker raised $62 million in Series C funding, which also included investments from the likes of Downey Ventures (Robert Downey, Jr.’s investment company), Maker executive chairman Ynon Kreiz, and Academy Award-winning producer Jon Landau.
Maker says it generates more than 4 billion views per month across 60,000+ channels on YouTube. Last week, the network closed its acquisition of Blip, which signaled Maker’s intention to expand its presence beyond YouTube.Tags: Blip, financing, maker studios, youtube