GumGum Adds $7M

Santa Monica-based Gumgum, the celebrity image licensing and advertising firm led by Ophir Tanz, has finally disclosed its funding round. The firm has raised $7M in funding from New Enterprise Associates, GRP Partners, and First Round Capital. It's unclear if prior investor Crosscut Ventures participated in this funding. Gumgum has been hinting at the round at local conferences for the past months, but had been mum about details. More information »