Wednesday, June 29, 2011

Amazon, Madrona-backed Animoto Scores $25M

Animoto, which operates an online service to help users to easily create video slideshows from their pictures and videos, has raised another $25M. The firm--which is backed by Amazon.com and Madrona Venture Group--said the new round was led by Spectrum Equity Investors. Animoto is based in New York. More information »