Chenal Media Raises $7M in Series B Funding

Chenal Media, the Los Angeles, CA-based transmedia division of Chenal Brands (CBI), has raised $7m in Series B funding.

Backers include iHaniel and private investors.

The company intends to use the funding to grow in three main areas: development, co-production and distribution of genre feature films under $5m.

Spun off from CBI in 2010, Chenal Media¬†develops, acquires and distributes new and traditional media across the globe.¬† In 2011, the company leveraged its infrastructure to focus on filmed entertainment — financing genre features under $5 million through senior, gap, mezzanine and equity financing.

Chenal Media also added financier Hans Reinelt and Chenal Brands CEO Will Bermender, a former NBC and Comcast executive, to the team of CBI’s subsidiary in the roles of CFO and Chairman, respectively.

FinSMEs

24/08/2012

Join the discussion