With 5M Clips Downloaded, Stock Video Specialist Video Blocks Raises $10.5M From Updata Partners And QED Investors

In a world where stock video footage and production is typically expensive to license and is bound by restrictive licenses, Video Blocks wants to provide a low-cost alternative to incumbents like Getty Images. To do that, it's rolled out a subscription-based service that gives any subscribers unlimited downloads of its royalty-free stock audio and video clips. Already profitable, and with more than 5 million media objects downloaded by subscribers since launching 18 months ago, Video Blocks is looking to accelerate its revenue growth. So it's raised a $10.5 million Series A funding round led by Updata Partners, with includes participation from QED Investors.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/pFMug4sCST8/

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