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Animoto Raises $4.4 Million in Series B Funding for Video Creation Platform, Led by Madrona Venture Group.

Publication: PR Newswire
Publication Date: 18-JUN-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Award-Winning Video Creation Service to Expand Product Offerings and Reach

NEW YORK, June 18 /PRNewswire/ -- Animoto(R) (http://animoto.com/), the video creation platform that lets consumers and businesses easily create professional-quality videos from their own photos and music, today announced that the company has received $4.4 million in funding, led by Madrona Venture Group. Additional investors include Jeff Clavier's SoftTech VC and Bruce Livingstone, the founder of iStockphoto, as well as Amazon.com, which originally invested in Animoto in May 2008.

"Since founding Animoto we've focused on delivering a simple...

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