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Movieclips raises another $6 million

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Join the Community! confirmed Thursday that it has raised an additional $6 million in venture funding, following the release of an SEC filing. The funding follows a $3 million round raised last November from Shasta Ventures and First Round Capital, as well as angel investors including Jeff Clavier of SoftTech VC, Aydin Senkut of Felicis Ventures, Naval Ravikant and Nivi Babak of VentureHacks, Jeff Kearl and Tom McInerney.

Movieclips’ founders were mum on what the money would be spent on, except to say that the company had a “big announcement” in the works. They also declined to disclose who led the investment in the company.

Movieclips distributes short-form video clips from Hollywood feature films in an ad-supported format online. At last count, the site had more than 14,000 video clips from more than 1,400 movies at its disposal, licensed from various movie studios such as 20th Century Fox, (s NWS) MGM, Paramount, (s VIA) Sony Pictures Entertainment, (s SNE) Universal Pictures (s CMCSA) and Warner Bros. (s TWX)

While Movieclips has historically been focused on providing clips that users can search through, last year it introduced a number of curated clips and video mashups of memorable movie moments. It has also explored the possibility of striking affiliate agreements with movie studios for referring viewers to full-length versions of movie clips they watch. In a survey that it conducted, Movieclips found that 62 percent of 1000 respondents said that they preferred to watch clips before deciding to watch a movie on online or VOD rental services.

One Response to “Movieclips raises another $6 million”

  1. Basically there are specific moments/frames in movies that are special to me and I’d love to have the opportunity to get those exact frames into some type of art form. Movies typically only have 3-4 posters and you take what you can get. But I’d like to celebrate more than the crummy posters and make my own art from those movies.