aniBoom Raises $10 Million

AniBoom, an independent animation network for both the web and television, has raised $10 million in Series B funding. Draper Fisher Jurvetson and DFJ Tamir Fishman Ventures were joined by return backer Evergreen Venture Partners. AniBoom is based in Israel, and also has a San Francisco office. 

PRESS RELEASE

aniBoom, the premier independent animation network, has just closed a $10 million Series B round of funding led by Draper Fisher Jurvetson (DFJ) and DFJ Tamir Fishman Ventures and existing investor Evergreen Venture Partners. The company will leverage the new financing to expand operations, fund short form premium content for web and mobile platforms, and develop original animation series for television.

The new media content space and specifically animation, is growing at an explosive rate. aniBoom created a disruptive model harnessing the power and reach of digital distribution to generate tremendous opportunities for animated content created by a massive network of independent professionals around the globe, said Andreas Stavropoulos, Managing Director at DFJ.

Erez Shachar, General Partner at Evergreen Venture Partners, who led the first round of financing in the company, stated: In aniBoom we recognized a solid business model and an exceptional creative team led by Uri Shinar. AniBoom's track record has been impressive since its launch and we are positive that aniBoom will continue to succeed and to be a leader in its field.

aniBoom was founded in 2006 and is led by entertainment and new media veterans. The company's vision is to leverage the web and mobile platforms to create a production pipeline and an audience base that can fundamentally change the economics of the animation business. Today aniBoom has a network of more than 4000 independent creators from over 70 countries around the world, and features thousands of movies on aniBoom.com. In addition, aniBoom reaches hundreds of millions of viewers with its animations across multiple platforms through its web and mobile distribution partnerships. aniBoom has proven to be the ultimate talent search platform through its currently in-progress music video contest for songs from Radiohead's In Rainbows album, for which nearly 1000 videos were created by the independent professional community.

In teaming up with DFJ and DFJ Tamir Fishman Ventures, we are proud to partner with one of the top venture firms in the world, Uri Shinar, founder and president, aniBoom, said. aniBoom is the innovator of the now very hot virtual digital animation studios and animation incubation model, and to see the major media and entertainment powers following suit is a strong endorsement of our vision.

aniBoom's new and existing investors represent a formidable capital group that spans the U.S., Europe and Israel. For more information about the company, please visit www.aniBoom.com

About Draper Fisher Jurvetson

Draper Fisher Jurvetson (DFJ) is the only venture capital firm with global presence through a network of affiliated funds, with offices in more than 30 cities around the world and approximately $5.5 billion in capital commitments. DFJ's mission is to identify, provide capital for, and serve extraordinary entrepreneurs anywhere who want to change the world. Over the past twenty years, DFJ has backed approximately 300 companies across a myriad of sectors including such industry-changing catalysts as Hotmail (acquired by MFST), Baidu (BIDU), Skype (acquired by EBAY), United Online (UNTD), Overture (acquired by YHOO), Interwoven (IWOV), 411 (acquired by YHOO), Parametric (PMTC), Digidesign (acquired by AVID), and Mimeo.com.

About DFJ Tamir Fishman Ventures

DFJ Tamir Fishman Ventures (DFJTFV) is DFJ's Israeli arm. Founded in 1997, DFJTFV is focused on partnering with Israeli companies ran by visionary entrepreneurs that aim to innovate and lead significant global markets. DFJTFV past investments include Chromatis (acquired by Lucent), Radware (RDWR), Modem Art (acquired by Agere, now Infineon), Native Networks (acquired by Alcatel), Allot (ALLT), Voltaire (VOLT), and CopperGate Communications.

About Evergreen Venture Partners

Evergreen Venture Partners was established in 1987 as one of Israel's first venture capital firms. Evergreen invests in early-stage Israeli and Israel-related companies in the following fields: software, Internet & media, communications and healthcare. Evergreen's $650 million of venture capital funds under management represents one of the largest portfolios in Israel with investments in more than 120 technology start-ups. Evergreen has exited successfully 35 portfolio companies through IPOs and acquisitions. Some of these companies include Traiana, Colbar, Identify, BigBand, P-Cube, Actona, Backweb, Exalink, Radvision and Radware. The current portfolio includes some very promising companies such as: e-Glue, Amimon, Press-sense, Varonis, Transpharma, Flash Networks, Exanet and more. Evergreen is currently investing from its fifth generation fund, Evergreen V, a $200M fund.

For more information, please visit www.evergreen.co.il

About Aniboom

aniBoom (www.aniBoom.com) is a premier multi-platform animation network that teams up with untapped talent around the world, to create, produce and distribute compelling high quality animation brands at unusual speed and cost efficiencies to web, mobile, gaming and TV media industries worldwide.

At Aniboom.com, the company has brought together a vibrant community of world class animators and animation enthusiasts to create, watch and share a growing library of original independent cartoons and animations that crosses multiple genres and interests. Users can easily create and showcase their work using the site's dynamic features including a robust DIY tool set called Animachines. Throughout the year aniBoom engages its community with a variety of creative contests offering prizes of up to $50,000 each. The company is based in Israel with its U.S. headquarters in San Francisco.