FilmChain Raises £2.8 Million to Expand Operations and Reach in North America

FilmChain Raises £2.8 Million in Funding

Key Highlights:

• Funding Round: FilmChain, a provider of a platform for managing payments in the film and TV industry, raised £2.8 million in funding.
• Investors: The funding round was led by the Holt IntersXion fund, with participation from Roca X, DeBa Ventures, TechAngels Romania, and HearstLab.
• Expansion Plans: The funds will be used to expand operations and business reach in North America.

FilmChain's Target Market

• Target Market: FilmChain serves the global screen industries, including digital distributors, broadcasters, and studios.
• Geographic Focus: Currently serving nearly 2000 clients in Europe and Australia.
• Industry Pain Points: Addresses the need for transparent and efficient revenue collection and allocation in the film and TV industry.

What FilmChain Needs to Buy

• Technology and Software Development: Investments in technology and software development to enhance their digital Collection Account Management (CAM) platform and royalties management system.
• Business Development and Sales: Resources to expand their customer base and establish partnerships with key players in the film and TV industry.
• Marketing and Branding: Services to enhance their brand presence and increase awareness of their platform among potential clients.