The Guardian
topics

MyToons Gets Second Round For Online Animation Community

imageMyToons, a community and distribution platform for online animation, has raised an unspecified second round of funding from Syncom Venture Partners and past backer Barshop Ventures. The San Antonio, TX-based company previously raised funds from Barshop, The Texas Emerging Technology Fund and other unidentified backers. Though the size of the round was unidentified, CEO Dan Krause says this is the company’s big round, designed to really gain scale and adoption. In addition, the money will go towards infrastructure and product development. The company, which claims 10,000 members, recently introduced an HD service.

As for the base, said Krause: “Our typical uploader is a professional or student animator.” Right now, MyToons’ business model is based around advertising, though it doesn’t currently offer any type of rev share for content creators. That seems likely to change in the future: “We absolutely have a vested interest in helping animators.” Krause, an animation engineer by trade, previously spent five years at Microsoft (NSDQ: MSFT) working on animation technology. Among the big competitors: Israel-based Aniboom, which has raised nearly $15 million.

Related Stories
Jul 21, 2008 9:45 PM ET
Share

Posted In: Money, M&A & Venture Capital, Venture Capital, Social Media, barshop ventures, mytoons, syncom venture partners

  • your article on animation is very nice.
    you can just go through my site once on free animated ecards.
    at www.newanimated.com

  • This is an interesting story considering that animation is a leading content category for webisodes, etc.

The Economics of Content | paidContent Newsletter

Know something we don’t?

Send Us a News Tip

All tips are anonymous and untraced.

Sponsors

Contributors