SnagFilms Raises $10m in Growth Capital

Funding Rounds

▤ Summary

SnagFilms, a Washington, DC-based website that allows users to watch full-length documentary films for free, has received $10m in growth capital.In addition, the capital will be used to extend the reach of indieWIRE, a web source of news, reviews and analysis of independent film.In conjunction with the funding, NEA Managing General Partner Peter Barris, joins the company’s board of directors.Last year, the company launched video on demand channels on Comcast and Verizon FiOS, as well as titles for sale through the Apple’s iTunes store.The company also added industry veteran Bingham Ray to help guide its entry into distribution of fictional narrative and foreign-produced independent films.

$ Funding

$
Amount $10.0M Total raised
□
Date January 17, 2011 Announcement date
◎
Investors - Lead investors
▥
Company http://snagfilms.com Funded company

▥ Classifications

industries
No industries detected
applications
No applications detected

◇ AskAI Classifications

Labels
No AI classifications detected

▦ Linked Companies