VideoBlocks.com, a Reston, VA-based provider of unlimited royalty-free stock video and audio clips, has closed a $10.5m Series A funding.
The round was led by Updata Partners, with participation from QED Investors.
The company intends to use the capital to acquire content, nearly doubling its library by the end of the year.
Led by Joel Holland, founder and CEO, VideoBlocks.com offers a library of high-quality stock video, motion backgrounds, production music, After Effects templates, special effects, sound effects, which can be used in all types of projects, royalty-free. The company owns all the rights to its content library and makes this available for a monthly subscription rate.
Customers range from leading television and movie production networks to pro-sumers and hobbyists looking to enhance their video projects and productions.
FinSMEs
06/09/2012