StudioNow raises $2.38 million to accelerate growth
Clayton Associates’ additional capital infusion in StudioNow brings the total Series A investment in the company to $4.1 million. Clayton Associates has more than 13 years of private equity experience and more than $175 million in committed capital in four funds. Its investments are focused on early stage and expansion stage companies in media and communications, healthcare services and technology and diversified services, as well as selected real estate ventures.
“StudioNow is very pleased to welcome this investment from Clayton Associates, which will help carry the company to the next level in order to meet the increased demand for our online video services,” said David Mason, CEO, StudioNow.
Recent announcements from StudioNow have included agreements for providing StudioNow online video creation services to a variety of online advertising, software and music industry partners, including Clear Channel Radio, CBS Radio, CitySearch, Sony Creative Software and Athlon Sports, among others.