Maker Studios Completes $26 Million Series C Financing Round
The digital media company expands its international base with foreign investors including Canal+, Astro Overseas Ltd and SingTel Innov8.
Maker Studios has finalized its second and final Series C financing round.
The digital media company focused on global investors, raising $26 million from France’s Canal+, Malaysia-backed Astro Overseas Ltd (which invests in a number of media companies throughout Asia, Australia, the Middle East and the U.S.), Singaporean telecom company SingTel Innov8, the global investment group Lakestar and Northgate Capital, which has offices around the world, as well as from L.A.-based Upfront Ventures, which also participated in the first round late last year.
“The company’s already very well positioned internationally, but we want to strengthen that and localize the way we run our business,” Maker executive chair Ynon Kreiz tells The Hollywood Reporter. “And we don’t think there’s a better way to do it than with the backing and support of these investors.”
The Culver City-based company is the world’s largest online multichannel network, with more than 60,000 channels — including Sweden’s PewDiePie, YouTube’s most subscribed channel — originating from 80 different countries. More than half of its billion-plus weekly views come from outside the United States, Kreiz says.
Maker, which acquired the online distribution platform Blip last week, now concludes its Series C financing with a total of $62 million raised. The first round, conducted late last year, was focused on domestic partners led by Time Warner Investments and including Greycroft Partners, Robert Downey Jr.’s Downey Ventures, Elisabeth Murdoch, FUEL: M+C, Daher Capital and Avatar producer Jon Landau.