StudioNow Raises $2.38 Million Additional Series A Financing, Adds Three New Members to Board of Directors
Investment by Clayton Associates Brings Total Series A Funding to $4.1 Million for Leading Web-Based Professional Video Creation Platform
NASHVILLE, Tenn., Aug. 27, 2008 – StudioNow, the premier online source for creating professional-quality videos at affordable prices, today announced it has secured $2.38 million in private equity funding from existing investors and Clayton Associates, a Franklin, Tennessee-based private equity firm.
Clayton Associates’ additional capital infusion in StudioNow brings the total Series A investment in the company to $4.1 million. Clayton Associates has more than 13 years of private equity experience and more than $175 million in committed capital in four funds. Its investments are focused on early stage and expansion stage companies in media and communications, healthcare services and technology and diversified services, as well as selected real estate ventures. >> Read full release at Market Wire
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Tags: Finance, Funding, StudioNow, VC, Venture Capital, video, video production
