Online video tools provider Culture Machine has raised $18m in a Times Internet-backed series B round that came just five months after its series A.
Culture Machine, a Singapore-based company that provides YouTube users with tools to create, promote and monetise videos, has secured $18m in a series B round featuring media company Times Internet, DealCurry reported yesterday.
Fund manager Tiger Global led the round, which also included venture capital fund Zodius Capital. Zodius funded a series A round for Culture Machine in September 2014 reportedly sized between $3.5m and $4.5m.
The company’s network of channels reached 40 million views per month last year. Apart…
