Mondo Media Musters Up $20M In Financing

Mondo Media, a leading creator and distributor of serial-based animated

content, announced Monday, February 14, 2000 that it has secured $20

million in its second round of financing. The newest round was led by

Macromedia and Foundation Capital. Additional funding partners in the round

included Sofinnova Ventures, Red Rock Ventures, Silicon Valley Bank and

Phoenix Growth Capital. Mondo Media also added new syndication partners

that include Excite@Home, AltaVista, AtomFilms and washingtonpost.com.

Popular Webisodes from Mondo Media currently include: THE GOD & DEVIL SHOW,

a celebrity talk show hosted by God and the Devil; LIKE, NEWS, written and

directed by Don Asmussen, a regular cartoonist for TIME and GEORGE

magazines; and THUGS ON FILM, which features a fresh new pair of film

critics. Mondo Media plans to develop a globally branded library of

intellectual properties that generates revenue from multiple sources,

including: syndication licensing; advertising; eCommerce merchandising;

foreign language rights; television and direct-to-video production; and

ancillary licensing revenue. "We are definitely excited and encouraged by

all of the recent growth and the powerful response to our programming,"

said Douglas Kay, president of Mondo Media. "The investment will enable

Mondo Media to make great strides in expanding our network of syndication

partners, as well as further developing our unique character driven

programming."

Look for a profile of Mondo Media by Lee Dannacher in the March issue of

Animation World Magazine.

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Rick DeMott
Animation World Network
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