FilmChain Raises £2.8m in Funding for Expansion
FilmChain, a London, UK-based provider of a platform to manage payments for films & TV stakeholders, recently announced a successful fundraising round. The company secured £2.8m in funding, with contributions from investors such as the Holt IntersXion fund, Roca X, DeBa Ventures, TechAngels Romania, and HearstLab. This funding will allow FilmChain to further expand its operations and business reach in North America, solidifying its position as a key player in the global screen industries.
Co-founded by Maria Tanjala and Irina Albita, FilmChain offers a digital Collection Account Management (CAM) platform that revolutionizes revenue collection and allocation processes in the entertainment industry.
The platform operates transparently and in near real-time, ensuring that stakeholders receive their rightful payments promptly. In addition to its CAM services, FilmChain has also developed a royalties management system tailored for digital distributors, broadcasters, and studios. With nearly 2000 clients in Europe and Australia, FilmChain continues to provide innovative solutions that streamline financial transactions for all parties involved.
The success of FilmChain's recent funding round underscores the growing demand for efficient and secure payment management solutions within the entertainment sector. By leveraging cutting-edge technology and a commitment to transparency, the company has positioned itself as a trusted partner for industry professionals seeking to streamline their financial operations. As FilmChain looks toward expanding its presence in North America, it is poised to make a lasting impact on the global screen industries, driving innovation and efficiency in an ever-evolving market.
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