The company intends to use the funds to continue to grow its technology platform (http://platform.thoughtequity.com), expand its cloud storage infrastructure, and serves customers globally.
Led by CEO & Founder of Kevin Schaff, Thought Equity Motion provides a global footage licensing platform and a global sales force designed to license sports, news, entertainment, editorial, and creative content to leading producers in advertising, film, television, publishing, and interactive media.
The company, which also offers rights development expertise, works with more than 400 rights holders globally, including BBC Motion Gallery, Paramount Pictures, Sony Pictures Entertainment, National Geographic, The New York Times, and the NCAA®.
Thought Equity Motion also has a digital refinery in Laramie, Wyo., offices in Los Angeles, New York, Chicago, Tokyo, Sydney, Toronto, London, and sales partner offices in Paris and Mumbai.
Other investors in the company include Adams Street Partners, Jona, Inc., Shamrock Capital Advisors, Syncom Venture Partners, and Vista Ventures.