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.
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