Leading Internet animation site completes round of investment led by Syncom Venture Partners & Barshop Ventures.
Los Angeles, CA, USA, July 22, 2008 (PRESSbooth.ORG) -- MyToons.com, the world's premier online animation community, announced the completion of its second round of funding led by Syncom Venture Partners and Barshop Ventures. The capital will be used to support MyToons' continued technology infrastructure development and revenue growth, as well as expanded global partnerships. Launched in spring of 2007, MyToons.com provides global content creators with a platform to promote and share their original animations, artwork, and games with animators, enthusiasts and fans world-wide.
"MyToons presents a tremendous opportunity to address an underserved niche in the on-line content marketplace," said Herb Wilkins, General Partner at Syncom. "The MyToons team has a clear view of what both animators and consumers are craving, and is moving quickly to deliver key services to address those needs. We look forward to helping take MyToons from early-adoption to mainstream consumption."
MyToons recently became the first animation-focused website to launch full-resolution HD streaming - part of MyToons' unique and proprietary technology portfolio under development for several years. Today, the MyToons community has 10,000 contributing members, over 12,000 properties, and is quickly aggregating high-resolution HD animation content thanks to its current "Get with the Times" HD Animation Contest. Working with MyToons, animation content creators can promote themselves and their work at a streamed quality level that is unrivaled on the Internet.
"We are thrilled to have Syncom Venture Partners join the MyToons team," said Dan Kraus, CEO & Co-Founder of MyToons. "We now have two of the premier media venture capital firms as partners, as well as a world-class group of advisors as we look to improve and accelerate the ways animators distribute and profit from their content.
About Syncom Venture Partners:
Founded in 1977 and headquartered in Silver Spring, Maryland, Syncom Venture Partners manages approximately $400 million of private equity capital on behalf of some of the nation's largest corporations and public pension funds. Syncom is the leading venture capital firm primarily focused on early to mid-stage investments in underserved segments of the Media and Communications Industry. Syncom Venture Partners pioneered this investment strategy and has been involved in the creation of many of the most successful and visible African-American and Hispanic-owned media and communications companies including BET, Radio One, WorldSpace, Z Spanish Radio, TV One, and Iridium Satellite.
About Barshop Ventures:
Barshop Ventures, LLC, is a diversified venture capital investment and portfolio investment management firm, based in San Antonio, Texas. Barshop Ventures focuses on early-stage enterprises in media and telecommunications, life sciences and medical devices and other fields.
About MyToons.com:
Based in San Antonio Texas, MyToons.com was established in 2006 as the premier online resource and entertainment destination for professional animators, students, artists and animation fans. Combining high-quality video file streaming with best-in-class social networking for animators, MyToons.com showcases the greatest variety of independent and studio animation anywhere. MyToons.com empowers animators and animation fans everywhere by providing a platform for interaction and world-wide exposure, and allowing artists to share their techniques, discuss their thoughts and ideas, and explore their commonalities in a robust visual environment.
MyToons is a trademark of MyToons, Inc. All rights reserved. Other trademarks belong to their respective owners.
Contact:
Jessica Beers
MyToons Inc.
(210) 227-8666
http://www.mytoons.com/?tp=pr&co=syncom&lo=bw&sz=tcet
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