(27 June 2008 7:00 pm)

MUMBAI: aniBoom, an independent animation network, has closed a $10 million series B round of funding led by Draper Fisher Jurvetson (DFJ) and DFJ Tamir Fishman Ventures and existing investor Evergreen Venture Partners.

The company will leverage the new financing to expand operations, fund short form premium content for web and mobile platforms, and develop original animation series for television.

“The new media content space and specifically animation, is growing at an explosive rate. aniBoom created a disruptive model harnessing the power and reach of digital distribution to generate tremendous opportunities for animated content created by a massive network of independent professionals around the globe,” said DFJ MD Andreas Stavropoulos.

Evergreen Venture Partners general partner Erez Shachar, who led the first round of financing in the company, stated: “In aniBoom we recognized a solid business model and an exceptional creative team led by Uri Shinar. AniBoom’s track record has been impressive since its launch and we are positive that aniBoom will continue to succeed and to be a leader in its field.”

It reaches millions of viewers with its animations across multiple platforms through its web and mobile distribution partnerships.