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Summary:

LA-based YouTube network Maker Studios has raised an additional $26 million, bringing its total Series C funding round to $62 million. The company will use the funds to expand its international presence.

Snoop Dogg Maker Studios

Los Angeles-based YouTube network Maker Studios announced Thursday that it’s raised an additional $26 million in its Series C funding round, bringing the total amount raised in this round to $62 million.

Contributing to the second part of the round: French media company Canal+, Astro Overseas Limited, SingTel’s VC fund SingTel Innov8, investment groups Lakestar and Northgate Capital and LA-based VC firm Upfront Ventures. The first part of the round was led by Time Warner Investments and included participation from Greycroft partners and others.

The news comes about a week after Maker Studios confirmed it had purchased Blip Networks.

“Our objective was to expand our investor base to include major players in key international markets,” Maker Studios’ executive chairman Ynon Kreiz said in a statement. “With talent in more than 80 countries, our viewers outside the U.S. already account for more than half our total audience, and our new partners will be instrumental in continuing our growth as a truly global media company. The new funding will allow us to further expand our team and executive talent globally, extend our technology offerings for content creators and brand partners, and establish our local footprint around the world.”

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  1. Nikhil @ MobileJury.com Friday, September 13, 2013

    Maker studios are going big! :-)

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