Whipclip, the makers of a mobile application that lets you quickly – and legally – share clips from favorite TV shows and music videos, has closed on $40 million-plus in Series C financing, the company is announcing today. The oversubscribed round was led by asset management firm, Eminence Capital, and included participation from existing investors, Institutional Venture Partners and Raine Ventures.
Sources tell us that Whipclip was approached by a number of investors and content partners after it launched. It decided to close now on this over $40 million round, but saved some room for content partners to invest as well.
Other prior investors in Whipclip include William Morris Endeavor, Ziffren Brittenham, Greycroft, and individuals from the media world such as Ari Emanuel, Peter Guber, Steve Bornstein, Scooter Braun, Gordon Crawford, and Ron Zuckerman.
Though already on its Series C, the startup only launched its iPhone app this March.
Thanks to its…
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