VideoBlocks, a Reston, Virginia-based provider of royalty-free stock video, secured $8m in funding.
The round was led by North Atlantic Capital.
The company intends to use the funds to further accelerate the growth of the its newly launched marketplace, explore new content verticals, and expand the team.
Led by Joel Holland, Founder and CEO, VideoBlocks is a subscription-based provider of unlimited royalty-free stock video. Together with its sister sites GraphicStock and AudioBlocks, VideoBlocks allows customers to enhance their creative projects, ranging from professional production studios like NBC, Discovery and MTV to enthusiasts like colleges, churches and video editing hobbyists.
Its recently launched artist-friendly video marketplace pays contributors 100% commission on sales, while also providing customers with a special price. Since the new Marketplace went live in April, over 2,000 contributors have registered, uploading more than 300,000 high quality stock video clips.