Legend3D Secures $19,000,000 Series E Financing Round
Feed Type
Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ba936479-8638-4f84-8025-dcc7580d91d9&Preview=1
Date 12/13/2011
Company Name Legend3D
Mailing Address 3721 Valley Centre Drive 5th Floor San Diego, CA 92130
Company Description Legend3D, Inc., is a leading digital media technology company that specializes in using its proprietary image processing technology and artistry to create greater value from entertainment assets for its clients. Legend3D’s technology enables the conversion of motion pictures, television shows, advertisements and other visual entertainment assets produced in 2D into 3D with a result that rivals, and in some cases exceeds, the quality of native 3D content.
Proceeds Purposes Secured proceeds will fund ongoing R&D efforts to enhance Legend3D’s proprietary 3D conversion pipeline, helping the company meet the swelling demand for 3D content while continuing to deliver the highest quality material at the most competitive pricing. Additionally, the financing enables Legend3D to forge partnerships with content owners on 3D film and television projects, funding the 3D conversion in exchange for long-term revenue sharing participation in the 3D content.