Machinima's Allen DeBevoise Funds Social Network MovieLaLa (Video)
MovieLaLa announced Tuesday that is has raised an undisclosed amount of seed funding from Machinima co-founder Allen DeBevoise.
DeBevoise, an active angel investor, joins existing investors Jim Moloshok, a former HBO and Warner Bros. executive, Larry Braitman, the founding investor in Flixster, Adam Nash, CEO of Wealthfront, and Manatt Digital Media Ventures.
MovieLaLa is a San Francisco startup co-founded by Dana Loberg. The company is planning an April launch of its social network, which is aimed at helping people discover upcoming movies through their friends. MovieLaLa also operates a marketing platform for studios looking to connect with fans.
DeBevoise and MovieLaLa's investors share why they backed the company in the YouTube video below: