Epoxy Raises $6.5 Million Series ATuesday, June 24, 2014
Epoxy has raised a $6.5 million Series A round, led by Upfront Ventures and Time Warner Investments.
The online video community management platform helps creators monitor the distribution of their videos and reach target demographics through social media.
Upfront Ventures, the largest venture capital firm in Los Angeles, manages more than $1 billion across four funds. It participated in Epoxy’s $2 million seed round. Time Warner Investments was founded in 2003 to focus on investment goals that include expanding into key strategic markets.
“Online video is growing extremely quickly, and social and mobile are key drivers,” said Scott Levine, managing director at Time Warner Investments, in a statement. “We were drawn to Epoxy because they are unique in focusing on the role of social and the importance of fan engagement to long-term success.”
Epoxy has its roots in actor Robert Downey Jr.’s production company, Team Downey. In addition to his Downey Ventures investment arm, prior investors include Bertelsmann Digital Media Investments, Advancit Capital and Greycroft Partners.