The corporate venturing unit of Disney is joined by Norwest Venture Partners, General Catalyst and Voyager Capital backing the company.
Steamboat Ventures, the corporate venturing unit of US-based entertainment company Disney, has helped US-based video processing company Elemental Technologies raise $13m on Tuesday.
Elemental was joined in the C round by venture firm Norwest Venture Partners, which led the round, and venture firms General Catalyst and Voyager Capital.
Elemental has also appointed Kevin O’Hara as chairman.
Elemental was backed last year by Citrix Systems, a US-listed virtual computing company. Elemental and Citrix have worked together on virtualized applications, such…
