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FilmTrack Raises $10MM From Wellington Financial, SVB

October 09, 2015, 07:35 AM
Filed Under: Media

FilmTrack, the global leader in content and rights management for the worldwide media and entertainment industry, has secured an additional $10 million in growth capital. The new investment is comprised of $5 million in venture debt financing from Wellington Financial LP, a privately-held specialty finance firm, and $5 million in debt financing from Silicon Valley Bank.

FilmTrack streamlines the complex intellectual property management lifecycle with its flexible and powerful cloud-based platform. Its applications suite spans sales, finance and legal functions and is available from any connected computer or device.  Many of the world's top media and entertainment companies, such as CBS, HBO, DreamWorks Animation, Endemol, National Geographic, eOne and Miramax rely on FilmTrack to provide visibility and access to their valuable intellectual property.

FilmTrack is backed by venture capital investors Insight Venture Partners and the Sandberg-Goldberg Trust.

Wellington Financial LP is a privately-held specialty finance firm providing term, venture and amortizing loans up to $40 million. Wellington Financial LP is currently managing a $900 million investment program with offices in Silicon Valley, Santa Monica and Toronto.

For two decades, FilmTrack has been transforming the way the media and entertainment industry monetizes, measures and delivers its content and related assets across every point in the intellectual property lifecycle. FilmTrack's cloud-based software platform streamlines the complex intellectual property management process – from project inception to distribution – and provides a holistic view into critical data supporting rights, availabilities, contracts, invoicing, licensing, revenue recognition, royalties and workflow management.

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