GumGum Receives $26,000,000 Series C Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=43f001c9-0534-4345-84e4-1552cf74be62
Date
5/28/2015
Company Name
GumGum
Mailing Address
225 Santa Monica Blvd 6th Floor Santa Monica, CA 90401 USA
Company Description
GumGum is a licensing and distribution platform for online content. We believe paying a flat rate to license content for online use is illogical. Offline, the flat rate model works because distribution is finite. Online, thanks to Google and other search engines, a story lives forever.
Website
http://www.gumgum.com
Transaction Type
Venture Equity
Transaction Amount
$26,000,000
Transaction Round
Series C
Proceeds Purposes
The new growth round of funding will enable GumGum to accelerate its expansion into international markets;strengthen R&D resources across image recognition and computer vision; andcontinue its native, programmatic and social product development.
M&A Terms
Venture Investor
Venture Investor
Venture Investor
Venture Investor