Mondo Media Lands $17M More In Financing
Mondo Media has announced that it has obtained over US$17 million in its third round of equity financing. The round was led by SBVC with supporting investment for global expansion from Venturepark and others. Returning investors included Foundation Capital, Sofinnova Ventures and Red Rock Ventures. As part of the round, Carl Rosendahl, principal managing director for SBVC, has joined Mondo Media's board of directors. The money will be used to continue Mondo Media's current productions, develop new ones and expand the company's presence in Europe.