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aniBoom Secures Additional $10 Million In Funding

aniBoom has just closed a $10 million Series B round of funding led by Draper Fisher Jurvetson (DFJ) and DFJ Tamir Fishman Ventures and existing investor Evergreen Venture Partners. The company will leverage the new financing to expand operations, fund short form premium content for web and mobile platforms, and develop original animation series for television.

"The new media content space and specifically animation, is growing at an explosive rate. aniBoom created a disruptive model harnessing the power and reach of digital distribution to generate tremendous opportunities for animated content created by a massive network of independent professionals around the globe," said Andreas Stavropoulos, Managing Director at DFJ.

aniBoom was founded in 2006 and is led by entertainment and new media veterans. The company's vision is to leverage the web and mobile platforms to create a production pipeline and an audience base that can fundamentally change the economics of the animation business. Today aniBoom has a network of more than 4,000 independent creators from more than 70 countries around the world, and features thousands of movies on aniBoom.com. In addition, aniBoom reaches hundreds of millions of viewers with its animations across multiple platforms through its web and mobile distribution partnerships.

aniBoom has proven to be the ultimate talent search platform through its currently in-progress music video contest for songs from Radiohead's "In Rainbows" album, for which nearly 1,000 videos were created by the independent professional community.

"In teaming up with DFJ and DFJ Tamir Fishman Ventures, we are proud to partner with one of the top venture firms in the world," Uri Shinar, founder and president, aniBoom, said. "aniBoom is the innovator of the now very hot virtual digital animation studios and animation incubation model, and to see the major media and entertainment powers following suit is a strong endorsement of our vision."

aniBoom's new and existing investors represent a formidable capital group that spans the U.S., Europe and Israel. For more information about the company, visit www.aniBoom.com.

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