FilmHedge Closes $5M Series A Funding; $100M Credit Facility
Summary
FilmHedge, an Atlanta, GA-based provider of financing to film and television productions, raised $5M in Series A funding. The company intends to use the funds to expand the product and marketing teams, hiring for key open roles. Founded in 2020 and led by CEO Jon Gosier, FilmHedge is a fintech platform that provides private credit and financing solutions to qualified TV and Film producers, offering up to $10M per Film or TV production. The company uses data to track Film/TV production financial data, interest rates, and the credit worthiness of producers and production companies. In the previous year, FilmHedge allocated more than $100M to more than 20 productions, including scripted series, award-winning docuseries, and feature length films, netting more than $13M in returns.