Animoto Raises $25 Million for Video Production Service
Riley Kennysmith | June 29, 2011 | 378 views | Add a CommentCategorized under Amazon, Animoto, Ben Spero, Madrona Venture Group, Spectrum Equity Investors

Animoto, a video editing software startup, has raised $25 million in funding. Investors include Spectrum Equity Investors, Madrona Venture Group and Amazon. TechCrunch reports that the company has more than 3 million registered users, 100,000 of whom pay for the service. Spectrum’s Ben Spero joined Animoto’s board.