FilmTrack Raises $10 Million in Growth Capital From Wellington and Silicon Valley Bank

FilmTrack, the global leader in content and rights management for the worldwide media and entertainment industry, has secured an additional $10 million in growth capital. The new investment is comprised of US$5 million in venture debt financing from Wellington Financial LP, a privately-held specialty finance firm, and US$5 million in venture debt financing from Silicon Valley Bank, the bank of the world's most innovative companies and their investors

FilmTrack streamlines the complex intellectual property management lifecycle with its flexible and powerful cloud-based platform. Its applications suite spans sales, finance and legal functions and is available from any connected computer or device. Many of the world's top media and entertainment companies, such as HBO, Dreamworks Animation, Endemol, National Geographic, eOne, Saban Brands and Miramax rely on FilmTrack to provide visibility and access to their valuable intellectual property.

FilmTrack CEO Jason Kassin said: "This additional capital gives us the ability to increase our production innovation and support our expansion into new markets, both vertically and geographically. It also enables us to continue to acquire strategic technologies and services.

"We are pleased to continue our partnership with FilmTrack," said Stephen Hughes, Managing Director of Silicon Valley Bank in Santa Monica. "FilmTrack offers a powerful solution for managing and maximizing intellectual property. It is our objective to provide them with the right financing, connections and global services that they need as they mature to their next phase of growth."

Eric Speer of Wellington Financial noted, "FilmTrack's impressive customer list demonstrates how important their cloud-based platform is in managing and monetizing intellectual propertyfor many best-in-class companies around the world. Wellington's patient capital is the perfectfit for thishigh growth story."

FilmTrack is backed by venture capital investors Insight Venture Partners and the Sandberg-Goldberg Trust.