AwesomenessTV, a media company that operates a teen-oriented YouTube channel, has closed $3. Series 5 million Investment round led by MK Capital announced by the company on Tuesday
Graycroft Ventures Partners, New World Ventures, Machinima CEO Allen DeBevoise, UTA CEO Jeremy Zimmer and MediaLink CEO Michael Kassan are among the other investors.
The YouTube channel of the company, launched in June, has more than 75.000 subscribers. Among his shows are “IMO,” a daily talk show, and “Randomness,” a sketch comedy series.
“It’s been a wonderful five weeks We’ve gone from 0 to 12 million in 5 weeks, and from no subscribers to 100 000 in 5 weeks,” said TheWrap founder Brian Robbins, a veteran Hollywood producer and director.
“Investment by a forward-thinking VC like MK Capital, led by Mark Terbeek, gives added credibility and ensures that AwesomenessTV has a firm financial foundation to build for the future,” he added in his statement.
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Robbins, who directed films such as “Varsity Blues” and “Good Burger,” plans to use the funding to expand his marketing team and develop more programming.
The next show on the network, “Runaways,” will debut on Labor Day. Robbins described it as the most ambitious show the network has ever made and would eventually like to build a slate of comparable shows.
“Brian and his team have a proven track record of attracting a hard-to-reach young audience,” Terbeek, a partner at MK Capital, said in a statement. “With AwesomenessTV, they are clearly showing the way in which the next generation of iconic media companies will be built. “That’s right.
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