Video Services Provider StudioNow Secures $2 Million In Private Equity

StudioNow, a social net and platform for professional video services, has secured $2 million in private equity from existing investors and Clayton Associates, a Franklin, TN-based PE firm. The Nashville-based company raised $1.5 million in a first round in June 2007 from Claritas Capital, which led the round. Other participants in that previous round included Fred Goad and Jim Kever, original founders of Envoy, a precursor to WebMD (NSDQ: WBMD). StudioNow was founded in January 2007 with the idea of serving as a virtual production house. Businesses and individuals can go to the site to connect with video/movie editors, videographers, directors, producers, animators and voice-over artists. They can then use the site’s production tools to create their video.