Maker Closes C Round With $26 Million MoreThursday, September 12, 2013
Despite raising a large round of funding late last year, Maker Studios has done it again.
The Culver City YouTube network announced Thursday that it has raised $26 million to close out its series C round. Maker in December announced $36 million to start the round, bringing the total series C investment to $62 million.
This time, the company looked for money internationally. The long list of new investors includes French TV operator Canal+, media firm Astro Overseas, Singapore's SingTel Innov8, Swiss investment firm Lakestar, and Bay Area investment firm Northgate Capital. Existing investor Upfront Ventures in Santa Monica also participated in the round.
"Our objective was to expand our investor base to include major players in key international markets," Maker Chief Executive Ynon Kreiz said in a statement. "With talent in more than 80 countries, our viewers outside the U.S. already account for more than half our total audience, and our new partners will be instrumental in continuing our growth as a truly global media company."
Kreiz said the company plans to use the new funding to grow its team internationally and expand on its technology platform as it establishes a larger global presence.
Maker works with more than 60,000 YouTube channels and artists, including Swedish video gamer PewDiePie and singer Mike Tompkins. The company says its channels generate a total of more than 4 billion online views each month.
It's been a busy month for Maker. Last week the company announced that it had acquired New York video platform Blip.