Jul
26

Animoto Completes $25 Million Financing Deal

The online video creation service Animoto (www.animoto.com) recently raised $25 million to expand the innovative video creation service it offers to consumers, professionals and businesses. The company now has over three million registered users and 100,000 paying subscribers in more than 150 countries worldwide. Animoto investors include Spectrum Equity Investors, Madrona Venture Group and Amazon.com.