FilmTrack, a software-as-a-service (SaaS), rights and content management firm for the film, video and television industry, has closed a US$20 million (€15 million) equity investment round from Insight Venture Partners.
FilmTrack said it will use the funds to “support rapid growth” as it looks to expand its global roster of clients. As part of the deal, Insight managing directors Peter Sobiloff and Nikitas Koutoupes will join FilmTrack’s board of directors. The company also announced that Michael Lang, who has been a strategic advisor to the company since 2012, has joined FilmTrack’s board.
FilmTrack provides business and technology solutions to more than 100 companies including he Weinstein Company, Focus Features, Miramax, Lionsgate, Screen Australia and Starz.