For Your Imagination Raises Funds
According to FYI’s blog this morning, the company has raised $1 million in capital and will be seeking to raise a Series A round in the near future.
For Your Imagination, a New York City based online media company and executive producers of acclaimed web series DadLabs and Break a Leg, has received an additional $1 million in seed capital from ConsensusOne Ventures, LLC and will partner with the firm to raise a Series A round of capital.
CEO Paul Kontonis tells OVW that, “The funding will be allocated to cover our operating expenses for the rest of this year. We anticipate that our gross revenues will continue to grow, we are already at 60% of 2007’s gross revenues, and will provide enough capital to expand into new video content networks that will be revenue generators as well. Given the state of the financial markets we are focusing on growing our business upon a very stable financial base and to further develop our revenue generating channels.”
Tags: dadlabs, for your imagination, Funding