FilmTrack Raises US$10 Million In Growth Capital from Wellington Financial and Silicon Valley Bank

It took a few days to hit the wire, but we recently closed a new deal in Studio City, California. A first for us in that particular zip code, if I’m not mistaken.

FilmTrack, the global leader in content and rights management for the worldwide media and entertainment industry, just secured an additional US$10 million in growth capital from ourselves and Silicon Valley Bank’s Santa Monica team, represented by Managing Director Stephen Hughes. FilmTrack is backed by venture capital investors Insight Venture Partners and the Sandberg-Goldberg Trust. This happens to be our 3rd deal with an Insight portfolio co., but our first with them on the West Coast.

FilmTrack streamlines the complex intellectual property management lifecycle with a flexible and powerful cloud-based platform. Its applications suite spans sales, finance and legal functions and is available from any connected computer or device. Many of the world’s top media and entertainment companies, such as CBS, HBO, DreamWorks Animation, Endemol, National Geographic, eOne and Miramax rely on FilmTrack to provide visibility and access to their valuable intellectual property.

The company drew the funds to increase its production innovation and support expansion into new markets, both vertically and geographically. The new capital also gives FilmTrack’s balance sheet sufficient flexibility to continue to acquire strategic technologies and services.

Our patient capital is the perfect fit for this high growth story, and we are delighted to be working with CEO Jason Kassin, President Stephen Kassin, CFO Robert Shaw and the rest of the team.

MRM