Moviepilot, a fan centric entertainment website for younger generation, has raised $16 million in Series B round of funding led by Webedia , a French publishing group along with other backers that includes T-Venture of America.
Founded in 2013, Moviepilot connects millions of fans with the entertainment content they love and has an average of 25 million monthly unique users with an engage Facebook base of about 30 million. It operates in close association with film studios like 20th Century Fox, Sony Pictures, Lionsgate and Focus Features on bringing together fans with the content they love. With offices in Los Angeles and Berlin functioning with 60 employees in total, the startup empowers fans to take over the conversation around film, television, gaming and entertainment at large level. CEO Tobi Bauckhage describes Moviepilot as “something between platform and the publisher model.”
The new funds through the latest funding round led by Webedia has been planned to improve and boost the company’s social media-focused video production efforts and move into other subject areas, especially gaming. It also has plans to expand its native Facebook video that already has more than 40 million monthly video views.
Bauckhage said, “This is a great opportunity for Moviepilot to build on what we do successfully in movies and television, but also expand into the gaming space. Our fans and users already love gaming. For us, this was the natural next step and we are excited to get started.” The investor Webedia operates several of the top entertainment websites outside the U.S including the largest movie websites in France, Germany, Spain and Brazil.
“It’s remarkable how quickly Moviepilot has become the go-to destination for young entertainment fans in the U.S., even with stiff competition for millennial audiences from players like Buzzfeed, Vox Media, and Vice.” said Webedia Chairman Véronique Morali. “We’re thrilled to accelerate Moviepilot’s success story and help them win a massive American gaming audience.”