Online film distributor SnagFilms got a big boost in 2012, as it expanded to new platforms and made its free, ad-supported indie movies available to tens of millions of new viewers. With that momentum behind it, the startup has raised an additional $6 million to expand even further. The new funding includes existing investors, such as Ted Leonsis, New Enterprise Associates, Comcast, and Terry Semel. But it also includes participation from CNF Investments, an affiliate of Clark Enterprises. Prior to today’s announcement, SnagFilms has raised $17 million since being founded, bringing total funding to $23 million since 2008.
The full story can be read/found on After Getting On Xbox, SnagFilms Raises Another $6 Million To Bring Ad-Supported Indie Films To More Platforms