Menlo Ventures Leads $8.5M Financing of Montreal’s Cinemagram


Montreal-based venture capital firm Real Ventures announced that its portfolio company Cinemagram Inc. has raised a Series A financing totaling $8.5 million. The deal was led by Menlo Ventures and joined by Khosla Ventures, Atlas Ventures and Real Ventures. Cinemagram enables users to create and share animated photos over mobile phones. The company was started in Montreal but recently moved to San Francisco, according to a report in AllThingsD.

PRESS RELEASE

Series A for Cinemagram

By Mark MacLeod, Real Ventures
November 30, 2012

We are very pleased to announce that our portfolio company Cinemagram has raised an $8.5M series A round from a super star syndicate of investors. The round was led by Menlo Ventures. Khosla Ventures and Atlas Ventures also joined us on the round.

Cinemagram has been experiencing massive growth since it’s launch. The new capital will pay for an ever-growing server array and for continuing to build a massive and highly engaged user base.

Congrats to Temo, Marc and the entire Cinemagram team.

Photo courtesy of Shutterstock

Find new deal opportunities, super-charge your fundraising efforts and track top managers with VCJ. Get your FREE trial! Or subscribe now

Sign up to our Newsletter

Receive updates from our PE HUB Wire and Top Stories of the Week newsletters:

We will not send you spam, and we don't share your email address with 3rd parties.