Shakr Media Co. LTD, a Seoul and San Francisco-based motion graphics marketplace, raised $3m in funding.
Backers included POSCO Venture Capital, NHN and 500 Startups.
The company intends to use the funds to expand its marketplace and hire new people.
Led by David Lee, founder and CEO, Erik Cornelius, VP of Marketing and Eun Seon Shin, Creative Director, Shakr combines a drag-and-drop simple video creator with video styles from more than 50 professional designers, who earn recurring revenue, every time one of their video styles are purchased.
Video styles are used by individuals, companies and non-profits around the world.
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FinSMEs
09/05/2014