Nashville, TN based startup ‘StudioNow’ has raised an amount of $2 million in the Series A of funding. The startup connects different businesses and individuals with the video professionals such as video editors, directors, producers, animators, etc. With this round of funding the total amount of investment in the first round has reached $4.1 million.
Founded in 2007, the startup has previously raised finance from Claritas Capital along with a group of entrepreneurs. Furthermore the company has inducted three new board members which includes Nazy Weeks, Charles Goldstock and Mark Montgmery.
The current amount is raised from the Clayton Associates along with the existing investors. The purpose of the current investment is to lets users make professional quality videos at nominal rates. According to the company, they have recently made a partnership with the Clear Channel Radio in order to:
create engaging video and display advertising that allows online listeners to connect with local merchants.
The startup has competitors such as video production houses and post-production houses.
