Report: MovieClips Raises Series C

Venice-based MovieClips, the online site which allows people to share and view clips from movies, has raised a Series C funding round, according to reports. No details on the funding, which was first reported by Dan Primack at FORTUNE, have been released. The report said the valuation of the roudn was around $80M. MovieClips, which is headed by Zach James and Rich Raddon, has previously raised funding from Felicis Ventures, First Round Capital, MK Capital, Richmond Park Partners, Shasta Ventures, and SoftTech VC, along with a long list of angels. Raddon and James have not yet released any details on the funding. More information »