Fullscreen, a global YouTube network for creators and brands, has raised a first round of funding led by The Chernin Group along with Comcast Ventures and WPP.
Though the value was not disclosed, All Things D reported earlier this year that the round would be for US$30 million, giving Fullscreen a valuation of some US$110 million.
The LA-based online video company said that it will use the investment to support its domestic and international expansion across technology, audience development and sales.
The Fullscreen network has over 10,000 channels, from a client roster that includes brands like NBCUniversal and Ryan Seacrest Productions. It claims to have more than 150 million subscribers and over 2.5 billion monthly views and employs 150 people.
“Fullscreen’s mission is to empower a new generation of video creators to reach online audiences on a global scale. We’ve built scalable technology and an incredible roster of talent and brand partners since we were founded just over two years ago. This influx of capital will help us accelerate our goal of building a global media company, funding new content initiatives, continuing to invest into new technologies and furthering our rapid expansion into international markets,” said Fullscreen CEO and founder George Strompolos.
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