Animoto

Animoto — Funding & Company Data

Financial overview and investor data for Animoto.

High confidence data Last verified 3 months ago

Founded

2006

Stage

Acquired

Total Raised

$30M

HQ

New York, NY, USA

Team

51-200

Model

freemium

Acquired

Animoto was acquired by Redbrick on August 22, 2023 .

Analyst Take

Animoto's funding history paints a picture of a company that capitalized on early-mover advantage in the online video creation space. It secured initial backing from reputable investors like Madrona Venture Group and Amazon, which provided not just capital but also strategic validation. The substantial $25 million Series C round in 2011 was its last major infusion of private capital, suggesting the company reached profitability or a sustainable operational model shortly thereafter.

Operating for twelve years without additional funding before its acquisition is a notable achievement in the SaaS world. It points to strong unit economics and a product that found a durable market fit with consumers and small businesses. The acquisition by Redbrick, a portfolio of digital companies, provides a stable long-term home for the product. This financial trajectory signals a mature, stable company rather than a high-growth, cash-burning startup. For users, this history implies a reliable platform that has weathered market changes and is not dependent on volatile venture capital cycles for survival.

Stability

Animoto is highly stable. Having been in business since 2006 and now operating as part of Redbrick, the company has a long track record and the backing of a larger parent company, ensuring its longevity.

Growth

The company is likely in a stable to moderate growth phase. After its acquisition, growth is likely focused on profitability and integration within the Redbrick ecosystem rather than aggressive, venture-backed expansion.

For Buyers

For a potential buyer, Animoto represents a low-risk choice. The tool is mature, has been on the market for over 15 years, and its acquisition by a parent company removes the typical startup risks of closure or sudden pivots.

Funding Timeline

Series C $25M June 2011

Investors: Spectrum Equity

Series B $4.4M June 2009

Investors: Madrona Venture Group, Amazon

Series A $600K January 2008

Investors: Madrona Venture Group, Amazon

Notable Investors

Spectrum Equity Madrona Venture Group Amazon

Sources

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