MovieClips Gains $6.0M More

Santa Monica-based MovieClips, which provides access to a collection of license movie clips from major studios, has raised $6.0M out of an ongoing, $7.0M funding round. The funding was revealed via a regulatory filing Thursday. No details of the funding have been announced by the company. The filing indicates two investors participated in the new equity round. The firm is venture backed by Shasta Ventures and First Round Capital, and raised a $3.0M, Series A funding round last November. The firm was co-founded by Zach James and Rich Raddon. More information »