What is SnagFilms?
SnagFilms operates a unique model, offering over 3,000 award-winning fiction and non-fiction films supported by sponsors, accessible on its own platform and through an extensive network of over 110,000 affiliated websites and pages. Its content is distributed across a wide array of digital channels, including partnerships with major players like Hulu and AOL/Huffington Post, as well as numerous non-profit organizations. The platform is available on various devices, including tablets, smartphones, OTT platforms like Roku, and connected TVs from manufacturers such as Sony and Panasonic, with upcoming launches on Samsung and Vizio devices. This broad reach positions SnagFilms as a key distributor for independent and documentary films.
How much funding has SnagFilms raised?
SnagFilms has raised a total of $39.1M across 7 funding rounds:
Private Equity
$10M
Private Equity
$4.5M
Private Equity
$6.5M
Debt
$2.5M
Debt
$3.9M
Private Equity
$7.7M
Private Equity
$4M
Private Equity (2010): $10M with participation from Comcast Interactive Capital and New Enterprise Associates
Private Equity (2012): $4.5M led by Comcast Interactive Capital and New Enterprise Associates
Private Equity (2013): $6.5M supported by Genacast Ventures and New Enterprise Associates
Debt (2014): $2.5M featuring Undisclosed
Debt (2015): $3.9M, investors not publicly disclosed
Private Equity (2016): $7.7M with participation from New Enterprise Associates, Comcast Ventures, Clark Ventures, and CNF Investments LLC
Private Equity (2017): $4M, investors not publicly disclosed
Key Investors in SnagFilms
Genacast Ventures
Genacast Ventures is a venture capital firm focused on seed-stage B2B technology startups, known for its experienced founders and operators who provide strategic guidance and investment.
New Enterprise Associates
New Enterprise Associates (NEA) is a well-established venture capital firm founded in 1977, specializing in supporting entrepreneurs in building successful businesses across various technology sectors.
Comcast Interactive Capital
Comcast Ventures, the venture capital arm of Comcast Corporation, invests in consumer, enterprise, and frontier technology companies, leveraging its extensive industry experience and network.
What's next for SnagFilms?
The recent major strategic investment in SnagFilms signals a strong confidence from its backers in the company's ability to scale its operations and further penetrate the digital media market. Given the enterprise-level nature of its total funding, SnagFilms is likely poised for significant expansion, potentially through content acquisition, technological enhancements to its viewing platform, and broadening its affiliate network. The company's focus on free, sponsor-supported content, combined with its extensive distribution strategy, provides a robust foundation for continued growth and market leadership in the evolving landscape of film distribution and consumption.
See full SnagFilms company page
