StudioNow raises $5M, announces expansion

Nashville-based video creation marketplace to add NYC, San Francisco offices

Nashville-based video creation marketplace StudioNow announced today it has raised $5 million, made new hires and opened offices in San Francisco and New York.

FCA Venture Partners led the Series B round, with participation from existing investor Claritas Capital, according to a release.

StudioNow, which links video content producers to users, has named Rob DeMillo as chief technology officer. He will also lead the company’s new San Francisco office. The company also announced Rob Tanner as chief financial officer, Michael Thompson as chief research officer and Kelly Metz as vice president of business development.

StudioNow was founded in January 2007 and raised $3.5 million before being acquired by AOL for $36.5 million in cash and stock three years later. Last year the company was spun out of AOL in a deal led by Claritas Capital and Founder, Chairman and CEO David Mason.

"Our decision to re-establish StudioNow as an independent company and invest in our platform and tools, an expanded management team, and new offices, shows the confidence that we have, and our investors have, in the StudioNow marketplace and community of creators, agencies, and brands," Mason (pictured) said in the release.