Friday, July 31, 2015

Jukin Media Snags $2M From Samsung

Los Angeles-based Jukin Media, the viral, user-generated video clearing house, has raised $2M in a funding round from Samsung Venture Investment Corporation, according to the company. Jukin said it will use the funding to give it "financial flexibility" and growth. Jukin's other investors are BDMI, Maker Studios, Karlin Ventures, Peter Guber, Allen DeBevoise, Richard Wolpert, Brad Zions, Canyon Creek Capital, Kombo Ventures, and Launchpad LA. Lee Essner, the President and COO of Jukin Media, said the company has to date funded its company solely from operationss, and hae yet to touch any previously raised capital by the company; however, the company said the additional capital from Samsung will give it the flexibility to expand its investment in tech and original production. Jukin Media helps to find and secure the rights to viral, user-generated content, helping traditional and other publishers clear the rights to content--and also helps those viral content owners benefit financially from that content. More information »

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