You might have heard of Crunchyroll, a online video-streaming website known for showing anime titles and some Asian films (man..i got to love the 1991 Chinese Vampire show :P ) without authorization. According to ANN, they secured a capital investment of US$4.05 million. A hefty sum indeed.
Venture capital firm Venrock reportedly invested the capital in San-Francisco-based Crunchyroll, Inc., with Venrock General Partner David Siminoff joining Crunchyroll’s board of directors. Several websites that report on federal regulatory filings covered the investment in brief.
Source: ANN
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March 12th, 2008 at 12:56 pm #Sabas
Yay for profiteering off of fansubs. /sarcasm
March 12th, 2008 at 1:17 pm #CalAggie
It seems a bit odd to me for a site like Crunchyroll to get VC but not that farfetched concerning how strictly it abides by licensing news and quickly disables series. I wonder how long this infusion of funds will last but I’m happy that they’re getting some outside support.
March 12th, 2008 at 2:25 pm #DrmChsr0
CrunchyRoll is now suable :3
March 13th, 2008 at 12:04 am #Nekonron
Why would anyone in their right mind invest in CrunchyRoll? They could have made much better use of that US$4m by trying to bring in legal, online anime streaming services on new series.