Comcast comes back for return viewing of SnagFilms

Feb 1, 2012 • Robert Lavine

The online viewing platform for independent films and documentaries is looking to grow with $7m in equity and debt funding received from backers including Comcast Ventures.

SnagFilms, an online streaming and embedding service for independent films, closed a $7m round on Monday encompassing both debt and equity financing. Investors included Comcast Ventures, the corporate venturing fund run by telecom, cable and internet company provider Comcast.

Accompanying Comcast in the $4.5m equity tranche of the funding were venture capital firm New Enterprise Associates (NEA), the John S. and James L. Knight Foundation, and Case Foundation Ventures, the venture capital division of AOL co-founder Steve Case’s philanthropic Case…

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