Video gamer network Machinima.com raises $9 Million

Machinima.com, the online entertainment network for video gamers, has raised a $9 million Series B round of financing from Redpoint Ventures, a leading, early stage venture capital firm based in Menlo Park, CA with offices in Los Angeles, CA and Shanghai. Machinima.com says it has seen a 300% audience growth in th last year and last month delivered over 127 million video views to over 27 million uniques. The new funds will be used accelerate further growth.

Geoff Yang, a partner at Redpoint Ventures, and a serial early-stage backer of successful web ventures including Ask Jeeves, Excite, Gaia Online, Homeaway, Juniper Networks, MySpace, Netflix, Scribd and Tivo will join the board of directors of Machinima.com

“We are extremely excited about this new partnership with Redpoint Ventures and Geoff Yang”, said Machinima.com CEO and Chairman Allen DeBevoise. “This capital infusion will enable us to further expand the scale, reach and engagement of our community while delivering the best global marketing platform for video games on the planet to our customers and partners.”
 
Location: Los Angeles, CA

Ref: F231109-500

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